In the second quarter of this year, the volume of transactions in the Czech Republic reached 298 million euros (7.2 billion crowns), which represents a decrease of 27 percent compared to the previous quarter. Compared to 2021, investments fell by nine percent. “In the second quarter of 2023, there were only a few transactions in … Read more
The most affected part of the real estate market are apartment deals. Large transactions with business real estate are also relevant. The situation in the office business is not easy either. This follows from the new summary report on the state of the real estate market, Trend Report 2023. Experts from real estate and consulting … Read more
The last two restaurants of the German Nordsee chain, focused on fish dishes, will end up in the Czech Republic by the end of the month. Their operator, Master Mariner, was terminated from the lease in the Palladium and Nový Smíchov shopping centers in Prague. The reason is the inability of the company to pay … Read more
The expected second store of the Irish fashion chain Primark will open in the Olympia shopping center in Brno at the end of this year. This was stated by the regional director of the chain, Stephen Mullen, stating that the company is already recruiting staff for Brno. Primark, which relies on cheap fashion, has been … Read more
Only a few tourists walked on bags full of clothes, Na Příkopě Street and Wenceslas Square. At the same time, the local shops display posters for Black Friday, the weekend and the week almost all over the shop window. Even in the Palladium shopping center on Republic Square, it didn’t look like one of the … Read more
Up to 30 meters – the front of the Prague department store could reach such a length Fashion Arena Outlet Prague on Saturday around noon. “There were a lot of people everywhere, mostly at Nike and Adidas, at other stores it was quite possible,” described the man who provided TN.cz with a video from the … Read more
“The spin-off of shopping centers is connected with streamlining the administration and operation of this part of our company’s assets,” said Teska spokesman Václav Koukolíček without further details. Separation into a special company is usually part of the usual procedure for the sale of real estate. It is not the given center or other real … Read more
“The investment in the Velký Špalíček shopping center is understood by the Diocese of Brno primarily as an investment in a unique property in the center of the second largest city in the Czech Republic,” said diocesan spokeswoman Martina Jandlová. The amount of the transaction was not commented on by the parties. The price of … Read more
“We are conducting various negotiations on the provision of door-to-door logistics for some shopping centers, which would have the opportunity to easily deliver their goods directly to customers’ homes, at least in the largest cities,” says Michal Menšík, DoDo’s logistics start-up. On the one hand, the centers could expand the circle of customers and at … Read more
“We were not informed of this procedure in advance. In the media, the owner of the brands, Michal Mička, refers to the protection of goods, and the idea that we, as an experienced landlord in this particular case, would approach the detention of goods is very naive. We always approach the exercise of the right … Read more