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  • Cushman & Wakefield Named World, CEE and Czech Republic’s Top CRE Advisor by Euromoney

    Cushman & Wakefield announced that the firm was named the world’s top commercial real estate advisor and consultant for the second consecutive year by Euromoney’s 2019 Real Estate Survey. Cushman & Wakefield was also named the top advisor and consultant in Central and Eastern Europe and several individual countries including the Czech Republic. 
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  • The number of office schemes built this year is the highest since 2014

    The number of office schemes built in Prague this year is the highest in the last five years: a total of 17 new buildings providing office space will have opened by the end of the year. The last time the market reached such a high figure was in 2014 – at the time, it was 18 schemes. In the meantime, the number was one-third lower, about 11 buildings on average.  Out of the total 17 schemes to be commissioned this year (both completed and slated for completion by the end of the year), six are refurbishment projects and 11 are completely new builds. Again, this is the highest figure in recent years, and again, the last year when there were more new buildings completed was 2014, with 12 schemes. 
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  • Office market is still in good shape, with plenty of room for new projects

    The office space market in the Czech Republic is currently doing very well and has a great potential for further development. Its excellent condition is illustrated by several parameters that Cushman & Wakefield has been monitoring on a long-term basis and whose correct interpretation in relation to the current results is presented here. These indicators are primarily the highly positive trend in the office demand (the occupied office space increased by 47,000 sq m), vacancy rate remaining at its record-breaking low (with just 4.6% of stock being vacant) and the highest number of newly opened buildings in the last five years (17 buildings including 11 newly built ones). 
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  • Hotel transaction volume reaching record heights, the recent sale of Panorama taking share

    The hotel investment market is reaching new heights in the Czech Republic with year to date volumes at EUR 530 million and 10 hotel transactions. This is more than a 100% growth compared to the average yearly transaction volume of EUR 250 million, recorded over the past five years. 
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  • Jan Kratochvíl joins Cushman & Wakefield’s Office Agency Team

    Jan Kratochvíl joins Cushman & Wakefield’s Office Agency Team as an Associate. He will be in charge of representing tenants at the company. 
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  • With real estate transactions thriving in H1, this year’s performance is set to exceed average results

    The information on investment transactions in the Czech real estate sector for the first half of 2019, collected by Cushman & Wakefield, indicates a significant increase in volume. The figure achieved – EUR 1.743 billion – shows that the decrease in 2018 was just a sway and not a real trend. The real estate market is expected to thrive in the latter half as well and its total performance could exceed three billion Euros. 
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  • The inflow of Asian capital to Central and Eastern Europe continues

    Cushman & Wakefield has already assisted with four major office property sale transactions with the involvement of a South Korean investor this year.  Following several successful transactions in Prague (Waltrovka, Rustonka, Main Point Pankrác), the sale of Bratislava’s Twin City Tower marks another major Central European deal facilitated by Cushman & Wakefield and involving a Korean investor. Over the course of past months, the company has helped bring a total of EUR 600 million of Korean capital to the region. 
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  • Czech Republic remains the most attractive country for retail brands tapping the Central European region markets

    Czech Republic was the destination for one-third of the 80 newly coming brands last year.  Twenty-eight out of the total of 80 brands that tapped the market in the Central and Eastern European region in 2018 chose the Czech Republic as their destination. As a result, the number of new brands coming to the country remained the same as in the previous year. Poland is a close second with 26 new international brands having opened their first shops there last year. The figures come from the latest comparison prepared by Cushman & Wakefield, which monitors and compares data in the real estate sector across the region. This enables the company to provide a full picture of the developments on the Central European market. 
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  • HARRIER LLC is moving into new premises in PROLOGIS PARK PRAGUE-RUDNÁ

    Harrier LLC, a UK producer of digital print, photo print, and personalized lifestyle products, leased 3,250 sq m in Prologis Park Rudná. Notable cotenants in the park include Sportisimo, KIKA, Zepter, Toyota, and DHL. The operation is scheduled to begin at the premises in August of 2019. The contract was closed in March 2019. Cushman & Wakefield facilitated the transaction. 
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  • Polarisation Widens in European Shopping Centre Market

    • Increased repurposing expected of existing secondary retail space to office, residential and other uses  • A total of 2.6 million square metres of new shopping centre space was completed in 2018, 28% below the 2017 figure  • In 2018, the amount of new shopping centre space delivered in Western Europe fell by 23% year-on-year, while Central Europe experienced a 31% decline  • Turkey, Russia, Poland and France saw the greatest amount of shopping centre space added in 2018 
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  • Manufacturing location in Europe

    • Cushman & Wakefield’s Manufacturing Risk Index report shows formerly low-cost locations such as China and India are moving up the value production chain through country-sponsored support of technological adoption  • Growing concern for intellectual property protection, combined with skilled labour availability, keeps United States top when the index is weighted to minimise geopolitical risk. The Czech Republic is third globally and first in Europe.  • Low-cost locations in South East Asia still highly attractive for labour-intensive manufacturing  • European production lines, and the free flow of goods, potentially threatened by ‘no-deal’ Brexit 
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  • TPG Real Estate Partners and Contera Form a Strategic Venture

    TPG Real Estate Partners (“TREP”), the dedicated real estate equity investment platform of global alternative asset firm TPG, and Contera, an established developer and operator of industrial parks in the Czech Republic, announced today they have formed a strategic venture (the “Venture”). The Venture will seek to acquire and develop industrial projects in Central Europe, primarily in the Czech Republic and Slovakia. One of the Venture’s first projects is a 140,000 sq m industrial zone directly adjacent to the D1 highway in Ostrava-Hrušov. 
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  • Coworking gains popularity in the CEE region

    The increased interest of global corporations in coworking spaces was a notable trend that impacted on the office markets of the four largest capital cities in Central and Eastern Europe (CEE) in 2018. The total flexible office stock of Budapest, Moscow, Prague and Warsaw stands at 286,000 sq m, accounting for approximately 1% of the combined office market of these cities (29.9 million sq m). Demand generated by coworking operators in 2018 made up 5% of the overall office take-up in the CEE capital cities. 
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  • Cushman & Wakefield collects trio of prizes at HOF Awards 2019

    The company picked up a total of three awards at the gala event, reflecting an exceptionally strong year for the company. Not only did it win the Project Management and Property Management Company categories, but it excelled by winning the Retail Real Estate prize as well. 
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  • Palác Špork changes ownership, purchased by Generali

    Cushman & Wakefield assisted Generali Real Estate in the acquisition of Palác Špork, a unique scheme in Prague 1. The seller is SEBRE, a.s. The price remains undisclosed. The agreement was signed on 11 March. 
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  • Global Real Estate Investment Volumes Reach Record High

    Real estate transaction volumes in 2018 were the strongest on record reaching US$1.75 trillion; a 4% year-on-year (y/y) growth and surpassing previous highs of US$1.68 trillion in 2017, according to new data from the 2019 Global Investment Atlas report.
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