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2020-02-07  10:07
Project News

ČEZ planning megafactory for car batteries...

The Czech energy company ČEZ is considering a plan to build a megafactory for the production of car batteries in northern Bohemia. The country's Minister of Industry Karel Havliček was in Berlin this week pushing the idea, whose realization would require a wide range of powerful co-investors. The logic behind the initiative is to take advantage of a large supply of lithium that&#...
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2020-02-07  10:04

Czech National Bank shocks market by raising...

The Czech National Bank surprised markets by raising its basic interest rate by 25 basis points, sending the value of koruna to just under CZK 25 per euro. That's the highest value the currency has stood at since October 2012. It also strengthened to CZK 22.76 / USD. The CNB was reacting to what it sees as unacceptably high inflation levels when it rose the basic rates to 2.25 pe...
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2020-02-07  09:54
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Compromises improve chances of approval of...

Compromises have been made by the Czech Minister for Regional Development Klara Dostalova in her quest to pass a new construction law. But Hospodářské noviny reports that as a result, and thanks to strong support from Prime Minister Andrej Babiš, the number of critics of the bill are dwindling and their voices are less shrill. It's also possible that the soaring real estate price...
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2020-02-07  09:39
CIJ Romania

Real estate investment volume to exceed...

The real estate investment volume in Romania is expected to exceed €1.1bn this year, according to JLL, which points out that more than €700m worth of transactions have already been signed or are in the process of being signed. Bucharest will likely account for more than 80 percent of the total volume, up from 48 percent in 2019. Secondary cities were more attractive to investors last ...
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2020-02-07  08:29
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Company News

Savills acquires warehouse facility near...

Savills Investment Management has acquired a warehouse facility near Wrocław from Panattoni. The property is located in Nowa Wieś Wrocławska and offers 46,000 sqm. The investment is fully leased to domestic and international companies from the logistics, food and chemical sectors. The distribution center was built by Panattoni in 2019. “Logistics and production projects are today a so...
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2020-02-07  08:27
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Company News

Poland’s hotel segment sees record...

The commercial real estate sector in Poland reported record levels in 2019, with the hotel segment seeing the biggest growth, according to Walter Herz. The value of purchase/sale contracts that were concluded last year in all segments of the real estate market in Poland totaled €7.7bn, up from €7.2bn record reported in 2018. “Last year we saw a clear revival in the hotel segment, whic...
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2020-02-07  08:26
Company News

Selena expands office space at Silver Forum...

Selena has expanded its office space to 3,250 sqm at the Silver Forum building in Wrocław. Colliers International represented the manufacturer of construction chemicals, while Cushman & Wakefield supported Multi Poland, which conducted negotiations on behalf of the owner, Kensington Silver Forum. The property is a class A mixed-use building located near Strzegomski Square in Wrocł...
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2020-02-06  12:54
Company News

CPI cements position in Warsaw thru 29%...

In just a few short weeks, CPI Property Group made an enormous splash in Poland's office sector. For starters, it's acquired five office buildings in Warsaw in the past three months alone. Even more dramatically, in the space of barely 7 days, it announced three major share acquisitions in Globalworth, which is a giant on the Polish office market. CPI's shareholding in ...
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2020-02-06  10:36
Company News

Globus planning home delivery for Prague

The hypermarket operator Globus is reportedly preparing to launch a home delivery service for groceries, though it would only be available in Prague, at least initially. E15 quotes an anonymous source as saying that the e-shop is to be launched next year, but the company refused to confirm the information. Globus has a Click & Go service, which allows customers to shop on-line and...
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2020-02-06  10:30
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Finance sought for high-speed rail line...

The Czech and German Transportation Ministers have submitted a letter to the European Commission's head of transportation requesting financial support for the construction of a fast rail link between Prague and Dresden. The two ministers said the investment, which is currently estimated at around €5bn, was a high priority for both countries. Not only would the new line cut the tr...
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