Press Releases

VAPIANO, the fast casual dining restaurant chain offering trendy, modern Italian inspired cuisine cooked à la minute and in front of the guest, will open its first location in the Czech Republic in July of this year. The restaurant will be located on the premises of Prague’s Quadrio shopping centre.

Huawei is opening its new customer centre on the premises of the Quadrio shopping centre in Prague’s Národní třída, which will be available to customers and the general public seven days a week. Cushman & Wakefield facilitated the lease of Huawei’s first customer centre in the Czech Republic. 

Prague’s capacity for development has not been exhausted yet by far and this holds true for the rest of the Czech Republic as well, with highly attractive locations still available for new retail or multipurpose schemes with a high ratio of retail space.

Cushman & Wakefield has been appointed by CPI Property Group to continue as a property manager of two major shopping centres and one multifunctional complex in Central and Eastern Europe which have been recently acquired from CBRE Global Investors. Cushman & Wakefield currently manages 16 retail and multifunctional assets totaling 344,300 sq m owned by CPI Property Group in Central and Eastern Europe. 

The role of gastronomy in shopping centres is bigger than ever before. As a result, the area of catering space has been increasing year after year. It currently takes up about 5-10% of the total area. The percentage is higher in centres with a high footfall situated on major traffic hubs. Increasing variety of offerings sets another trend. Fast food is being joined by brands placing emphasis on authenticity and product origin. Many shopping centres are rapidly adapting to the trend and creating or expanding their catering capacities. 

 With effect from this January, Cushman & Wakefield is the manager of both shopping centres in Mladá Boleslav. Both Olympia Mladá Boleslav, which Cushman & Wakefield has been managing since 2015, and Bondy shopping centre are now under the management of one company. CPI Property Group owns both centres.

Foot Locker, the international leisure shoes and clothes retailer, will open its biggest store in Central Europe in the middle of the year. The shop with almost 1 500 sq m will take up five floors in Euro Palace on Wenceslas Square. Cushman & Wakefield has facilitated the lease of the space and is also in charge of project management for the retail unit construction. 

Last year saw the largest ever real estate transactions in the Czech Republic as 59 transactions were executed. Investment volume increased by EUR 415 million, totalling EUR 2.44 billion. After 2011, this was the second largest volume for the last nine years. If we also include the logistics areas traded as part of the P3 Logistic Parks acquisition, investment would be the highest ever, standing at three billion euros.

Slovak investor IAD Investments, acting through its fund Prvý realitný fond o.p.f., has purchased Laugaricio Shopping Centre in Trenčín, Slovakia. The original owners were private investors represented by Mint Investments. This sale, the largest property transaction in Slovakia this year, was brokered by real estate consultancy Cushman & Wakefield. The transaction went ahead on 20 December 2016.