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.