News
E15: Invesco bought offices atPrague´s Smíchov
One of the new office buildings near the metro stop Anděl in Prague 5 has changed owner. The Austrian group UBM sold it to the real estate company Invesco Real Estate. The value of transaction has…
New Bond Street in London, Pařížská Street in Prague
London's New Bond Street is the most expensive luxury shopping street in Europe. The highest rents there reach €7,900 per m², while a square metre on Avenue Montaigne in Paris costs €7,500 and…
VGP will build an industrial zone near Rajhrad
Real estate company VGP, which focuses on the construction of warehouse and industrial sites, will build an industrial zone near Rajhrad, South Moravia. The news was brought by the newspaper E15.…
Slovak construction production in May, falling by 4.3 percent
Construction production in May 2011 recorded on-year fall of 4.3% to EUR 472.6 million. After seasonal adjustment, it was lower by 1.3% compared with April, Slovak Statistical Office has informed.…
May: industry +15.2%, construction -4.9%
Czech construction output in May fell by 4.9%, after April decrease of 6%. The number of completed dwellings in May dropped by 18.8% whereas the number of started dwellings increased by 6.4%.…
Vodafone wants green headquarters
Vodafone´s Czech branch will move from the current headquarters at Na Vinici in Strašnice in 3.5 years to new “green“ headquarters which will be built for them by Finep in Prague´s Stodůlky near…
ECM: insolvency trustee hasn´t acknowledged most claims
The creditors of development company ECM Real Estate Investments (ECM) submitted claims totalling CZK 9.44 billion at the court. The insolvency trustee Ivo Hala, however, has recognized less than two…
Colliers strengthens corporate services
In response to growing demand of international companies for comprehensive solution of their real estate portfolio, Colliers International strenghtens their EMEA corporate team (ie. Europe, Middle…
Restrictions on selling land to foreigners ending
Legal restrictions on the purchase of agricultural land by foreigners will be abolished. It is included in an amendment to Foreign Exchange Act submitted by the government, which was signed by the…
Ekonom: Eurovia CS will strive for construction of motorway in Poland
Construction group Eurovia CS will seek to build Polish motorway, where contract with the Chinese company Covec was recently cancelled. The server Ekonom.cz brought this news with reference to…
Future of South Bohemian motorway D3 still unsolved
Unsolved for decades, repeatedly delayed problem and Czech disgrace. That could be a brief description of the situation concerning road connection between Prague and South Bohemia region and thus…
Central Europe: real estate investment growing
Investment activity continues to grow in Central Europe in the first half of 2011, and this is in major markets, namely Poland, Czech Republic, Slovakia, Hungary and Romania. So far EUR 2.09 billion…
Sherbrook is investing around EUR 30 million
Sherbrook Investment Ltd. is investing around EUR 30 million in Slovakia. The private investment group wants to build a terminal for storage of fuels, lubricants and oils with storage capacity of 30…
RE/MAX expanding to Hungary
Prague Top Estates, the owner of licence to operate the real estate network RE/MAX in the Czech and Slovak Republics, is expanding into Hungary. RE/MAX Europe reached an agreement to take over…
Karlovy Vary: Lordship and Central park waiting for city´s standpoint
Lordship group wants to launch an investment project for about eight billion crowns in Karlovy Vary (Carlsbad), which would fundamentally change the entire area of Dolní nádraží in the central part…
