Deal of the year on the real estate market
CPI Property Group, the controlling shareholder of which is Radovan Vitek, buys a few large shopping centers in the Czech Republic, Hungary, Poland and Romania.
In total CPI Property Group will acquire 11 buildings, is now owned by CBRE Global Investors.
Both parties agreed not to disclose the transaction value. According to the newspaper Hospodářské noviny, it is a sum slightly less than 18 billion crowns.
New buildings on the Holešovice waterfront
The industrial area between the Vltava River and Holešovice railway station will soon change beyond recognition.
Czech businessman Milan Janků will invest billions of crowns into the development of this more than five hectares area. Building of a residential and office complex is planned.
"The project of building has already been presented to the Commission on the development of Prague 7, it is actively discussed and corrected," say in the administration of Prague.
It is suggested that the project will be linked to the train station Holešovice by wheelchair route, and right on the territory of the complex will be equipped a boat mooring and a water-bus stop.
New project of Sekyra Group
In 2018 a new residential quarter will be built in Prague's Smíchov.
One of the oldest real estate companies of the Czech Republic - Sekyra Group - had been preparing this ambitious project for a long time. This residential quarter is a new word in the building industry of the Czech Republic.
The project Smíchov City will include not only houses, but also office buildings, schools, shops and parks. They are planned to build in the area between the streets Nádražní and Radlická on the site of the former freight station by the total area of 216000 m2.
A record demand for mortgages is registered in the Czech Republic
In May 2016 the average mortgage rate in the Czech Republic decreased by 0.05% compared with the previous month and amounted to 1.89%.
This is the lowest figure in the history of statistics collection. Such data includes the index Hypoindex company Fincentrum.
The investor paid for the three houses on the central shopping street in Prague more than 2 billion crowns
Three buildings at the Prague street Na Příkopě, which is one of the most expensive streets in the world have been sold.
International investment company LaSalle Investment Management, specializing in the real estate market has its first deal in the Czech Republic. She bought the house №23, №25 and №27. The company bought them from a private owner for the French Fund ERAFP.