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2020-02-19  10:18
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Company News

Portland Trust secures BREEAM for Expo...

Portland Trust secured BREEAM Outstanding certification for its Expo Business Park in Bucharest. The project was delivered last year in the capital’s Exhibition area and offers more than 33,000 sqm of space in three buildings. The developer also recently completed a 4-meter bronze statue called Aviatorii that stands at the entrance of the business park. The statue is meant to celebrat...
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2020-02-19  08:47

Prague understands, but can't solve its...

In a new look at the oldest problem facing developers in Prague, the Czech economic daily Hospodářské noviny writes that the problem of getting permits in the capital isn't going away anytime soon. It makes the point that despite a general acceptance on nearly all levels of the political spectrum that the process takes too long, solutions keep getting blocked. On the positive sid...
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2020-02-19  08:40
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Numbers down but Czech mortgage market stable

Czechs signed just 6,491 mortgage loan contracts in January for the third consecutive monthly drop in that indicator. But writes that despite slowly rising interest rates, the mortgage market appears to have stabilized. Moreover, the average loan size continues to break new records each month, with the current value at CZK 2.6m. This is being driven by the rising cost of real...
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2020-02-19  08:39

Slovak Min. of Environment could help pay...

Slovakia's Ministry of Environment has proposed sweeping measures to help tackle climate change, including program to support the installation of new furnaces, to replace diesel engine vehicles and to push cars out of the center of cities. The Slovak daily Pravda writes that there's even a proposal to support the purchasing of bikes by covering 50 percent of the cost up to a...
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2020-02-19  08:34
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Company News

Prague Airport completes crucial land...

Prague Airport has acquired 42.5 ha of land from the state-owned company Správa Letiště Praha for CZK 1.59bn in a transaction that still has to be approved by the government. The server broke the news based on materials prepared by the Ministry of Finance. The official valuation for the land was just CZK 591m but Deloitte Advisory put its value at CZK 1.59bn. The land is l...
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2020-02-19  08:08
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Company News

First phase of City Logistics Wrocław fully...

The first phase of City Logistics Wrocław is now fully leased to companies involved with the distribution and logistic sectors. The developer, Panattoni Europe, is currently working on two new facilities in the complex, offering 11,300 sqm and 10,900 sqm of space respectively. Completion is set for the third quarter of this year. “The signed leases are indicative of the continued inte...
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2020-02-19  08:07
Company News

Logoplaste to lease 3,700 sqm at Panattoni...

Logoplaste has leased 3,700 sqm at Panattoni Park Gorzów in the Lubuskie Voivodeship. The global value-added service provider was advised by JLL during the lease process. Panattoni Park Gorzów Wielkopolski offers two class A buildings with a total area of 69,000 sqm. “The choice of a warehouse park in Gorzów will allow for the possibility of providing effective services to Western mar...
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2020-02-18  11:39
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Company News

CPI Property Group portfolio reaches €9.1bn

CPI's portfolio grew by €1.6bn during 2019 to €9.1bn, driven in large part by acquisitions of €700,000 as well as upwards valuations of its existing properties. As of the end of the year, 46 percent of its assets were located in the Czech Republic while Berlin made up another 27 percent. Polish assets increased to 10 percent following more than €580m of office properties in the l...
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2020-02-18  11:38
Company News

V Invest holds student competition for Green...

The Czech residential developer V Invest has organized a country-wide competition called Green District among university students. Czech and Slovak students are being challenged to propose designs for a residential project on 4.4 ha plot of land in Nová Valcha near Pilsen that produces more than half of its own electricity. Entries should also propose how to save water (including rain...
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2020-02-18  11:37
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Company News

ČSOB profits up to CZK 19.7bn in 2019

Profits at the Czech bank ČSOB rose to CZK 19.7bn in 2019, with its volume of loans rising 5 percent to CZK 781m. Despite the general low interest environment, the level of deposits on its books rose 3 percent to CZK 960m. In all, ČSOB's total volume of assets under management reached CZK 241.4bn, an increase of 18 percent while its operating revenues jumped 14 percent to CZK 42....
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