3Things: Ambiente, YIT and H1 investment report

Photo: Ambiente

The Ambiente group is set to open three new restaurants in Prague, as if in defiance of the restaurant-busting pandemic of the last year. The first of the new businesses according to Hospodářské noviny will be a bar called Pult to be located on V Celnici street. The six beers that will be offered on tap within a couple of weeks are to be chosen by an official drinks committee. In October, Ambiente plans to re-open the pub U Kalandu along the Rašinovo embankment near the location where the popular markets are now held. Finally, writes HN, Ambiente will open a new Lokál offering traditional Czech fare on Vodičková street. The new outlet will be its seventh in Prague.

Colliers reports that CEE investment volumes in the first half of 2021 fell to €4.9bn, down 22% compared to a year ago. Poland as usual managed to absorb more than half of the total, which is expected to reach between €10bn and €11bn by year’s end. That’s dependent on investor sentiment picking up as Colliers currently expects to make up for the slowish start to the year. But it will be subject to product availability and improved travel possibilities. Yield compression was evident in the prime industrial & logistics sector based on healthy fundamentals and strong demand. Prime office yields also fell slightly in Prague and Warsaw and it was the office sector that dominated deal activity for the first half of 2021.

The residential developer YIT has gotten its building permit for Lappi Hloubětín, a new residential complex of 290 units that will spread over 1.2 ha. To be built between Kolbenova, Laponska and Granitova streets, the new neighborhood’s plans also call for 8 commercial spaces to be created. From a design standpoint, the project includes a landmark building of 13 storeys. Sales are set to begin on the new scheme this fall, with new owners expected to be able to move in by the beginning of 2024. The new scheme will go up a stone’s throw away from another of its projects Suomi Hloubětín, which is nearly completed.

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