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2019-03-18  10:37

J&T selling Rustonka to South Korean...

J&T has agreed to sell the Rustonka office center in Prague 8 to a South Korean consortium led by Hana Financial Group and Hana Alternative Asset Management. Hospodářské noviny writes that the news was broken by the newspaper Korean Economic Daily and that the consortium is due to pay J&T around CZK 4.2bn by April for the 37,000 sqm complex of buildings. The majority of the sp...
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2019-03-18  10:26
CIJ Romania
Company News

Hervis to expand Romanian network in 2019

Sports equipment retailer Hervis is planning to open 10 new stores across Romania this year. The company opened seven new locations last year. By the end of 2019, the retailer will have a total of 40 stores in Romania. Hervis has reported €53m in revenue in Romania in 2018, an increase of 30 percent from the previous year. The retailer entered the local market in 2007 and is present i...
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2019-03-18  10:10
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Company News

CPI joins Czech Green Building Council

CPI Property Group became a member of the Czech Green Building Council, while committing to making its buildings more environmentally friendly. "We consider the Czech Green Building Council to be a key initiative in the area of the environment in connection with real estate and the construction industry," said Tomáš Salajka. "What's excellent is that it extends to ...
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2019-03-18  09:49

Schillhofer named to executive board at CA Immo

CA Immobilien has appointed Andreas Schillhofer as a new member of the company's Executive Board as well as its new CFO. The announcement is set to take effect by October 1 at the latest. Schillfoher has worked previously with institutions such as Mediobanca, Bank of America Merrill Lynch and Greenhill & Co., before moving to PricewaterhouseCoopers in 2016 where he was respon...
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2019-03-18  09:32

City of Prague taking steps to shorten...

The Association of Developers of the Czech Republic has welcomed a commitment by the City of Prague to work towards the goal of reducing the time it takes to secure planning permits, but warns the problem may be more complex than city officials realize. The city has said that it would measure the length of the construction permit process with the goal of reducing the time needed. This...
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2019-03-18  09:31
Company News

Spaceti wins MIPIM Start-up Competition

A Prague-based proptech company called Spaceti won the Start-up Competition at MIPIM in Cannes. The other five finalists in this year's competition, which began with a field of 200 competitors, were Sensonberg, District, Neoma, Tatami, and Kwant.Ai. The semifinal events to narrow down the list of finalists took place in Paris for European competitors, in New York and in Hong Kong...
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2019-03-18  08:33
Company News

Budnex delivers Bulvar hotel in Gorzów...

Budnex has completed construction on the three-star Bulvar hotel in Gorzów Wielkopolski, western Poland. Located in the historic city center on Łużycka street next to the Gorzów cathedral, the property offers 23 air-conditioned single and double rooms, a restaurant and two training and banquet rooms as well as a monitored car park. Pracownia Autorska Dom designed the hotel.
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2019-03-18  08:30
Company News

First building at Fabryczna City to open in...

The first building at Fabryczna City in Kraków is scheduled to open in April. B1 is the first of three 10-story buildings within the office section of the mixed-use complex, which is also known as Fabryczna Office Park. B2 is scheduled for delivery in January 2020, while B3 should be completed by January 2021. The three buildings will offer a total of 42,000 sqm. Inter-Bud is the deve...
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2019-03-18  08:28
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Piotr Krawczyński to head CEE capital...

Piotr Krawczyński has joined BNP Paribas Real Estate Poland as head of capital markets for the CEE region. He will be responsible for acquiring new accounts and coordinating sales and purchase transactions. Krawczyński began his professional career at Chase Fund Management, which manages the VI NFI Magna Polonia fund. Between 1998 and 2015, he worked at Kulczyk Holding and Kulczyk Inv...
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2019-03-15  10:36
Svoboda & Williams
Project News

Svoboda & Williams Retained to Broker...

The Svoboda & Williams real estate agency has been retained to broker the sale of apartments in the Slavíkova 4 residence, which is situated in Vinohrady only a few steps from Jiřího z Poděbrad Square. The project entails the sensitive reconstruction of a 19th century building and will offer elegant units that artfully combine current interior design trends and period elements. Th...
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