August construction output rose 1.2% y-o-y according to the Czech Statistics Office, but just 0.1% compared to July. The figures for construction permits were far more dramatic, however, as the number of construction permits jumped 7.6% compared to a year ago, while their estimated value was 31.4% up. But CSU’s Petra Curinova warned about getting overly optimistic. “In view of the relatively low benchmark it’s not unexpected that the tempo would pick up,” she said. She added that the number of residential starts during the month was the highest in 13 years.
JLL has completed an overhaul of its Office Department in Prague with the hiring of Iva Dřízhalová as Senior Director, Head of Office Agency and Brokerage. She arrives from Skanska Commercial Development Unit where she handled a variety of responsibilities including negotiations and leasing of commercial and office spaces. Dřízhalová has also held positions at DTZ and CzechInvest. Alexandra Tomášková, Head of Office Solutions said JLL’s five-person team was now in place, just in time to work with companies and landlords making the transition back to the office.
German-based KGAL has placed Savills in charge of property manager for the DRN building in central Prague, adding to the company’s asset management duties which began in July 2020. The 9,800 sqm office building also offers more than 1750 sqm of retail space. It’s nearly fully let to companies such as the first Czech WeWork location. KGAL acquired DRN in August 2019 in an acquisition where Savills advised the seller. Savills property management department in Prague was established in April 2017 and has since grown to more than 35 people. Currently, the team manages a portfolio of 478,000 sq m, including office buildings, industrial parks, mixed-use and retail projects. Savills’ head of property management Michaela Semanová says her team now numbers 35.
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