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Real estate news in Prague

04/07/2018 16:30Czech banks' mortgage policies endanger the economy, Moody's warns    ( bne IntelliNews )
In Q4 2017, housing costs increased in year-on-year terms in Prague by 18.8%. The increase is hitting groups of people for whose wage increases have not been significant, who live in rented accommodation and who move quite often, such as students. “The indebtedness of the Czech households is ...
03/27/2018 11:35CEFC Europe says not planning sale of Czech real estate    ( Reuters )
PRAGUE, March 27 (Reuters) - A reported plan by Chinese conglomerate CEFC China Energy to sell its global real estate portfolio does not include assets in the Czech Republic, a spokesman for the Czech-based unit CEFC Europe said. “I read about it in the morning, it does not concern projects in the ...
03/16/2018 23:40Prague Opened the Door to Chinese Influence. Now It May Need to Change Course    ( Foreign Policy (blog) )
When CEFC China Energy, a once-unknown private Chinese conglomerate, decided to make a play for global dominance, it chose the Czech Republic as its staging ground. In 2015, the company opened its European headquarters in Prague, making huge investments in the country's real estate and ...
03/06/2018 16:30Report: Czech Republic eight most attractive state for manufacturing    ( Radio Prague )
The Czech Republic is the eighth most attractive country in the world for manufacturing, according to a survey of 42 states by real estate consultants Cushman & Wakefield. The Czech Republic ranked third among 19 European countries, behind Lithuania and Hungary. China topped the overall rankings.
02/06/2018 11:35Firm unveils proposed Africa's tallest residential luxury tower in Nairobi    ( Business Daily (press release) (blog) )
Lordship Africa has conducted other major projects in Eastern Europe such as Prague in Czech Republic, housing among other tenants the European Union and the World Bank. Lordship Africa is mainly targeting emerging markets in its real estate projects. Design of the structure is already ongoing ...
01/23/2018 12:15Czech central bank says banks to tighten mortgage conditions further    ( Business Recorder )
PRAGUE: Czech banks tightened mortgage lending conditions in the fourth quarter of 2017 and expect to restrict them further in the first quarter this year, the central bank's lending survey showed on Monday. The bank said lending conditions for companies did not change and were expected to remain ...
01/22/2018 12:15Czech central bank says banks to tighten mortgage conditions further    ( Kitco News )
PRAGUE, Jan 22 (Reuters) - Czech banks tightened mortgage lending conditions in the fourth quarter of 2017 and expect to restrict them further in the first quarter this year, the central bank's lending survey showed on Monday. The bank said lending conditions for companies did not change and were ...
01/18/2018 03:55East Europe Real Estate Stays Hot at Pre-Crisis Growth Pace    ( Bloomberg )
“Full speed ahead,” was how Remon Vos of Czech industrial park developer CTP Invest spol s.r.o. described the market's potential in 2018, after two years ... In Prague alone, the total amount of investment transactions in 2017 probably topped 3 billion euros, according to London-based real estate firm ...
01/15/2018 14:50Brief profiles of Zeman's close collaborators Mynář, NejedlĂ˝    ( Prague Daily Monitor )
... Prague for an apparently very low price, which attracted public attention. He eventually made a financial disclosure earlier this month, according to which he had real estate, shares and cash worth approximately one hundred million crowns. - In 2017, Mynar's letter supporting a rather unknown Czech ...
01/12/2018 13:45Invesco RE acquires three European core office assets for €140 million    ( Property Magazine International )
Invesco Real Estate has acquired three Class-A office properties in Milan, Prague and Munich. ... Thanks to our local, on-the-ground teams in Germany, Italy and the Czech Republic, we were able to secure these core products “off-market” and look forward to actively managing the assets and for our ...
01/11/2018 14:20Invesco Real Estate buys three European office assets for €140m    ( IP Real Estate )
Invesco Real Estate has bought three office properties in Italy, Czech Republic and Germany for €140m on behalf of a separate account client. The real estate manager said the three class-A office properties located in Milan, Prague and Munich, were acquired on behalf a south German pension fund.
01/05/2018 16:55Czech Real Estate Market Is Top CEE Performer    ( Emerging Europe )
Prague was CEE's top performer for office investment during the first nine months of 2017, the Czech capital seeing deals worth a total of 746 million euros completed during that period. The rise in investment activity over the past few years reflects growing investor appetite in view of the market's ...
01/03/2018 15:50Czech bank governor lands top European award    ( Radio Prague )
Czech National Bank, photo: Ĺ JĹŻ, CC BY 4.0 The Czech national bank also won praise for trying to put a lid on a local real estate boom which has seen price rises in Prague and other major cities among the highest across Europe. One move here was to increase the deposits that buyers must now have ...
12/22/2017 14:50Triuva buys for a billion    ( Property Magazine International )
In addition, the asset manager has acquired a core mixed-use building in the CBD of Helsinki on behalf of an institutional investor as the office building „Five“ in Prague on behalf of a fund. The transaction of Five is one of the largest real estate transactions closed on the Czech market in 2017 and is ...
12/19/2017 01:50Czech central banker: mortgage risks remain, not planning stricter bank recommendations    ( Reuters )
PRAGUE, Dec 19 (Reuters) - The Czech central bank is not currently considering tightening mortgage lending recommendations for banks although risks remain in the market, Vice-Governor Vladimir Tomsik said on Tuesday. The central bank announced on Monday that it would raise the countercyclical ...
12/16/2017 13:40BMW said that it would spend over $100 million on a test track for self-driving cars in the Czech ...    ( Firstpost )
“Today, we are on the threshold of automated driving,” Herbert Grebenc, BMW's head of real estate management said in written remarks prepared for delivery at a news conference in Prague. “This means making massive investments in our future.” Projects at the 500-hectare (1,200-acre) Sokolov site ...
12/16/2017 13:40BMW to Build Czech Test Track for Self-Driving Cars    ( NDTV )
"Today, we are on the threshold of automated driving," Herbert Grebenc, BMW's head of real estate management said in written remarks prepared for delivery at a news conference in Prague. "This means making massive investments in our future." Projects at the 500-hectare (1,200-acre) Sokolov site ...
12/16/2017 09:00BMW to Spend Over $118 Million on Self-Driving Cars Test Track in Czech Republic    ( News18 )
The construction of BMW's first vehicle testing project in eastern Europe will create several hundred jobs in the Czech Republic, where costs are lower than ... driving," Herbert Grebenc, BMW's head of real estate management said in written remarks prepared for delivery at a news conference in Prague.
12/16/2017 09:00BMW will build Czech test track for self-driving cars    ( Automotive News Europe )
BERLIN -- BMW will invest over 100 million euros ($118 million) on a test track for self-driving and electric cars in the Czech Republic, as it expands its foray ... driving," Herbert Grebenc, BMW's head of real estate management, said in written remarks prepared for delivery at a news conference in Prague.
12/16/2017 07:40BMW to construct Czech take a look at observe for self-driving vehicles    ( Kaplan Herald )
The construction of BMW's first vehicle testing project in eastern Europe will create several hundred jobs in the Czech Republic, where costs are lower than ... driving,” Herbert Grebenc, BMW´s head of real estate management said in written remarks prepared for delivery at a news conference in Prague.

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