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Real Estate Headlines

May 16th, 2007 | Current Issue

Ablon has the market's pulse
Property development and management company breaks new ground this year

A different approach to the real estate scene
Knight Frank's Zdeňka Klapalová is among the city's rising female power players

Logistics brings change to marketplace
Warehouse leases on rise across the country

Luxury hotels on the rise in Golden City
Prague's spike in high-end venues helps funnel money, tourists into Czech capital

One man, multiple stylish enterprises
Mojmír Ranný heads several design and architecture ventures in Prague

Iconic impressions
New hotel offers comfort and fun

Decor

BRIEFS


ACQUISITION IFIL Group, the investment group of the Agnelli family, completed its acquisition of a 71.5 percent stake in Cushman & Wakefield for $625 million (13 billion Kč). IFIL replaces The Rockefeller Group as majority shareholder of Cushman & Wakefield, while Cushman & Wakefield management and employees own 28.5 percent of the company’s equity following the sale, according to Bruce Mosler, Cushman & Wakefield’s president and chief executive officer.

HOTEL MaMaison Hotels & Apartments announced that Riverside Hotel has become a new member of Warwick International Hotels. Warwick’s collection of more than 40 hotels in selected international cities such as Paris, New York, Brussels, Barcelona, Bali and San Francisco is well known for offering personal services in prime locations.
INVESTMENT Enterprise Investors, a private equity firm in Central and Eastern Europe (CEE), announced the investment plans of its newest fund, Polish Enterprise Fund VI, which will be focused on CEE. The total size of the fund is 658 million euros ($890 million/18.6 billion Kč). The Polish Enterprise Fund VI is reportedly the largest private equity fund ever raised for investments in CEE.
GAMMA Passerinvest Group announced that Building Gamma, the flagship of BB Centrum, has won its first award. Located in Prague 4, this new development has received the Top Invest 2006 Award from the Association of Entrepreneurs for the best investment project in the Czech Republic in 2006. Building Gamma offers 30,000 square meters (320,000 square feet) of rentable office space spread over 10 above-ground floors.
BUDAPEST MaMaison Hotels & Apartments announced that Andrassy Hotel and Residence Izabella, both located in the heart of the Hungarian capital, have been honoured at this year’s “Best of Budapest” awards ceremony. The five-star Andrassy Hotel was distinguished in the “Best 5 Star Hotel” category, and Residence Izabella was honored among the “Best Suite Hotels.”
REPORT The Prague Research Forum announced the office market figures for the first quarter of 2007. According to the findings, two buildings were completed during this period, and that the total Prague office stock has increased to 2.04 million square meters. The ratio of newly built buildings compared to refurbished buildings remains the same. Class A premises account for 68 percent, and Class B 32 percent of the total stock.

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