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  • Amundi Czech Republic buys the Polygon office building in Prague’s Pankrác district on behalf of a fund managed by Amundi Czech Republic

    Amundi Czech Republic, investiční společnost a.s., has completed the acquisition of the company holding the property Polygon office building at Pankrác in Prague for its KB realitní fond 2. The property was sold by Mint Investment company. Cushman & Wakefield, the leading real estate services firm, facilitated the transaction. 
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  • CPI Property Group announces the reconstruction of Bubenská 1

    CPI Property Group’s iconic Bubenská 1 has acquired a significant new tenant. By 2020, 12 companies and agencies from the multinational WPP Group will be located under one roof. The heritage protected building, will undergo extensive reconstruction, delivering tenants a top-quality working environment while maintaining the building’s unique architecture. 
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  • Cushman & Wakefield Files Registration Statement for Proposed Initial Public Offering

    Cushman & Wakefield today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its ordinary shares.
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  • 19 % of all existing shopping centres in the Czech Republic have been refurbished to date. Further revitalizations are yet to be completed

    The Czech market has not delivered any new shopping centre space since the beginning of the year. Owners focus on revitalisation.  • Major slow-down in shopping centre development across Europe: 3.8 million sq m of new shopping centre space was delivered to the market in 2017, 23% less than in 2016.  • Traditional shopping centres are turning into ‘experience’ centres with a high added value covering inter alia all types of services.  • Multi-purpose facilities will prevail, combining shops, offices, hospitality, entertainment concepts and residential space all in one. Boundaries between the individual sectors are blurring. 
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  • Bořivoj Vokřínek Returns to Cushman & Wakefield as Partner, Strategic Advisory & Head of Hospitality Research EMEA Region

    Cushman & Wakefield reinforces its Hotel Real Estate Team throughout Europe, including Prague.  Bořivoj Vokřínek has been appointed Partner, Strategic Advisory & Head of Hospitality Research EMEA at Cushman & Wakefield. His main responsibility will be developing research operations for the needs of current and new clients with focus on investment strategies. He will assume a position created as part of a company-wide strategy aimed at enlarging the Hotel Real Estate Team throughout the EMEA region. The team is headed by Jonathan Hubbard. 
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  • Company canteens turn into premium restaurants. The new benefit is intended to attract employees.

    The usual type of company canteens is turning into premium restaurants that work as an employee benefit, as wellbeing plays an increasingly important role for employees. The quality of meals is rapidly improving as well as the design of interiors. Well-known restaurant groups as Zátiší Group or Perfect Canteen, a project run by Filip Sajler, one of the protagonists of the “Kluci v Akci” have entered this market as new operators. Such are the results of a research conducted by Cushman & Wakefield, a real estate consultancy that focuses on the catering sector and seeks out operators for office facilities. 
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  • Spaceti becomes a new office occupier in Quadrio

    Spaceti, a proptech firm focused on property digitisation, has taken up the last unit in the office section of Quadrio. Owned by CPI Property Group, Quadrio is a multi-purpose scheme located at a prestigious address in Prague with excellent pedestrian and transport access. Cushman & Wakefield facilitated the office space lease. 


     

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  • Eighty-two new brands came to Central Europe last year, including 31 arriving in the Czech Republic – the most in the entire region

    Eighty-two new international brands came to the Central European region last year*, including 31 in the Czech Republic (22 in Poland, 17 in Hungary and 12 in Slovakia). This confirms the Czech Republic’s reputation as the international retailers’ gateway to Central and Eastern Europe. Not even Russia can claim a higher number of new arrivals with 20 new global brands coming last year. Compared with 2016 when 67 new brands arrived in Central Europe (29 in the Czech Republic, 17 in Slovakia, 13 in Poland and eight in Hungary), this is a 22% increase. Such are the findings of the latest study by Cushman & Wakefield, monitoring newly arriving brands in CE countries and Russia in the long-term perspective. 
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  • Cushman & Wakefield recognised as the best Retail & Leisure Agency of the Year at CEEQA 2018

    Third time in a row Cushman & Wakefield was named the CEE Retail & Leisure Agency Firm of the Year at the 2018 CEE Quality Awards. The event gala was held on 25th April 2018 at Mińska 65 in Warsaw. Cushman & Wakefield beat off the competition from a shortlist of 7 companies, including BSC Real Estate Advisors, CBRE, Coldwell Banker, Emmerson, JLL, Ober-Haus and Svoboda & Williams. 
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  • Cushman & Wakefield appoints three new Partners

    Cushman & Wakefield has appointed three new partners. They are Josef Krautman from the Office Agency Team, Michal Naskos from the Valuation and Advisory Team and David Nath from the Hospitality Team. 

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  • European Office Rental Growth Reaches Six-Year High

    European Office Rental Growth Reaches Six-Year High
    • DNA of Real Estate report tracks European office, retail and logistics sectors with growth most noticeable in CEE and Semi-core markets, notably retail and logistics
    • Widespread rental growth in European office market reaches six-year high of 0.8% in first quarter of the year
    • Modest yield compression as yields stand at record lows in many markets
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  • An entirely new concept of using offices, coworking is taking the Czech market by storm

    The area of shared offices in Prague will grow by 66% year-on-year. At the end of 2017 the total area was 16 500 sq m, and in 2018 it will increase to 27 500 sq m as the market delivers 11 000 sq m. The majority of these centres have been preleased. Shared offices are used in the regions as well. There are 76 coworking centres across the Czech Republic with a total area in excess of 25 000 sq m. According to Cushman & Wakefield’s estimates, the current area of shared offices will double by 2020. 
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  • Cushman & Wakefield Enters Serbian Market and market of Montenegro with CBS International as Exclusive Affiliate

    Cushman & Wakefield, a leading global real estate services firm, has signed an exclusive arrangement with CBS International as its affiliate in Serbia and Montenegro.  Former CBRE affiliate rebrands to Cushman & Wakefield CBS International with immediate effect.  
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  • Glyn Evans to lead Design & Build Services in CEE, a new platform introduced by Cushman & Wakefield

    Cushman & Wakefield is expanding its Project & Development Services (PDS) team, to include a new C&W Design + Build platform. In Central and Eastern Europe (CEE), the new service will be headed by Glyn Evans, based in Prague. Glyn, who will also lead PDS within the Czech Republic, will be joined by experienced architect Marie Vlčková, the new Head of Design. 
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  • L’Oréal prolongs the lease of its logistics space at Prologis Park Prague D1 East

    L’Oréal, a leading cosmetics producer, has prolonged the lease agreement for its storage and office space in Prologis Park Prague D1 East. Cushman & Wakefield facilitated the prolongation of the lease agreement until 2021. 
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  • Prague will see new hotel conversions

    Domestic operators are gaining in competitiveness, Czech chain Pytloun Hotels will open on Wenceslas Square The Czech hospitality market has been achieving above-average performance rates thanks to a steadily growing number of tourists. This has had a positive effect on hospitality properties whose yields ranging between 6% and 7% are noticeably higher than the yields in other commercial sectors, specifically retail, office and industrial. They are also attractive with rents guaranteed for a long time. As a result, converting office space into hospitality facilities is becoming a frequent choice among both domestic and international investors. Czech operators can compete with foreign ones quite capably and tend to be the preferred choice for hotel owners. Just about 14% of the local market operators are international brands. 
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