David Černý, developers, and public space
David Černý has struck again. The enfant terrible of Czech art initially denied that he was behind the sculptures that are to be installed on the newly renovated Maj department store. But it soon became clear that the hybrid butterfly/Spitfires that flooded social...
Richard Wilkinson (CTP): Access to liquidity is our competitive advantage
You managed to get substantial financing from bond investors when that was advantageous without burning your bridges with the banks. What’s your strategy at this point, given the uncertainty of whether, or at least how fast, the ECB is likely to cut rates? One of the...
Peter Nitschneider (iO Partners): The money’s there, but not the prices
Last year was bad because people didn't know how far it was to the bottom. They didn’t know if inflation would fall, or if interest rates would continue climbing. With fewer unknowns now, does it mean this year will be busier than last year? Buyers and sellers are...
Milan Šlapak (RSBC): Focus brings the best results
You didn’t come from a real estate background, so 2023 can’t have been the easiest introduction. How did you find navigating it? Last year was tough for investment companies because when you have high interest rates and high inflation, investors have low-risk options...
Michal Sotak (Cushman & Wakefield): Euro adoption would help ‘massively’
Let’s start with Czech capital. Its dominance of the local market is evidence of real wealth in the country and faith in property as an asset class. But you could also see it as a sign the market is becoming less international. It's both. The positive side is that in...
Tomáš Trčka (Trigea): The worst of the repricing is over
Western Europe has gone through a pretty substantial repricing of real estate assets. Many people question why they've been so steady here, relatively speaking, suggesting the domestic funds are inexperienced. Does the volume of local capital create its own market?...
Radka Novak: Prague office space running out
Is it time to panic? As Prague’s office pipeline begins to go dry, that’s a question corporations with large office space needs may start asking. It’s no secret that it’s been nearly two years since a major new office development got underway. The only major projects...
Jan Kotrbáček (C&W): Wenceslas Sq. reconstruction has sparked fresh retail demand
Renewed energy is building at the bottom of Wenceslas Square, and it’s largely the result of reconstruction work that finished roughly a year ago. The design for the square’s new look was drawn up by the architect Jakub Cigler back in 2005, but the typical opponents...
