Articles by 'ČTK'
Orco plans to expand its lease area
Orco wants to expand lease area in their office buildings, shops and other properties by 54% to 41, 000 sqm. 8,000 sqm should be in the Czech Republic. Cedric Gabilla, Director of Orco Property…
Martin Němeček will head RSČS
Martin Němeček (44) has become new Board Chairman of Realitní společnost České spořitelny (RSČS). He replaced Aleš Mamica, who is leaving for Stavební spořitelna České spořitelny. Němeček has been…
Housing will be cheaper, predicts CSO
Prices of domestic housing will likely continue to decline slightly in the near future. In the medium term, housing prices will depend on the condition of the economy and economic development abroad.…
E15: Impact-Corti wants to build offices at Prague´s Anděl
Real estate company Impact-Corti wants to start construction of Green Point centre at Prague´s Anděl this autumn. The eight-storey building with nearly 7,000 sqm of offices will cost roughly 400…
Construction output in January fell yoy by 5.3%
Construction output in January fell year-on-year by 5.3% after a revised December growth of 14.5%. 10.2% more flats were launched and 27.2 % more were completed compared to last January. This was…
Property developer ECM intends to sell high-rise project in Pankrác
Indebted property developer ECM Real Estate Investments (ECM) wants to sell the project of high-rise flat building City Epoque in Prague´s Pankrác. The company has asked Creditors´ Committee to…
HN: PPP project on D3 motorway?
The first highway in the Czech Republic to be managed by a private company is the eight-kilometre section of D3 in southern Bohemia near the village Bošilec amounting to CZK 3.8 billion. It is…
CPI had a profit of two billion crowns
Czech Property Investments Group (CPI) earned a profit of around CZK 2 billion last year, its head Radovan Vítek estimated. The Týden.cz server stated this. In 2010, its net profit was CZK 1.1…
E15: PPF will build the largest office complex in Moscow
PPF Group plans development of the largest office project in Moscow. “PPF Real Estate Russia will build an office complex comprising 430,000 sqm of offices on the total area of 45 hectares,” said PPF…
Czech Republic: Real estate networks plan expansion
A boom of the domestic real estate market comparable to the period before the crisis is out of question right now, however, real estate networks plan to grow. In addition to traditional real estate…
Cement production grew last year
Domestic cement production increased by 15% to 3.8 million tons last year, while sales of this commodity on the domestic market increased by 5% to about 3 million tons. The data has been published by…
Wages to increase only at Strabag
The results of this year’s collective bargaining in large Czech construction companies do not give employees reason for much optimism so far. Only one company – Strabag – has reported a wage growth.…
New Cadastral Act in preparation
Ministries and other authorities have begun to discuss the form of the new cadastral act. Its draft has gone into the interdepartmental comment procedure. The proposal envisages that the new act…
Construction sector still in decline
The decline of domestic construction sector will escalate this year, its growth is most likely to return only in 2013. This is what most managers of domestic construction firms think – according to…
Market rents stagnating or declining
Market rent in CR has not gone up in the last year – rent on the open market is stagnating or even declining. Despite growing interest in renting flats in some locations, offer still exceeds demand.…
