News

Cushman & Wakefield Retail MarketBeat reports analyse quarterly Czech Republic commercial property activity across retail real estate sector including supply, demand and pricing trends at the market and submarket levels. The latest edition of the report Q4/2019 is now available. 

The latest edition of our Retail Map Czech Republic is now available. Contact your retail agent and get your 2019/2020 edition now.

Liberec’s Forum Liberec shopping centre will celebrate its tenth anniversary this year. NEPI Rockcastle, the owner of this retail complex, has decided to modernise the centre extensively to ensure that it retains its position as a leading shopping destination in the North Bohemia. Cushman & Wakefield has been on board as a partner in charge of property management, consulting for the modernisation concept and re-leasing of the centre.

We wish you a Merry Christmas and all the best in 2020! 

Cushman & Wakefield teams have been awarded in 5 categories at the 2019 CIJ awards Czech Republic on Thursday 28 November 2019, held at Slovanský dům's Empire Hall. It is an outstanding result having the most awards of any.

Cushman & Wakefield was appointed the manager of the new Stromovka shopping centre that officially opened in Prague’s Letná quarter on Thursday 21 November 2019. Cushman & Wakefield has also prepared the shopping centre’s comprehensive marketing strategy and was partially involved in letting the premises.

The Galerie Butovice shopping centre in Prague’s Jinonice quarter is currently enjoying good times. The scheme’s footfall has been rising constantly ever since the centre’s principal reconstruction and extension in March 2018, which resulted in changes to tenant structure and a much more varied offer of the food court. The changes, which we facilitated for Cromwell Property Group, the co-owner and manager at the time with a massive support from the major shareholder York Capital Management, with our Retail Property Services and Retail Shopping Centre Releasing teams were crowned by a successful sale in October 2019 to Investika realitní fond, a Czech open fund. Galerie Butovice has come a long way over the last four years with 85% of retail space changed and 40 new tenants having opened their shops in the centre. The scheme’s overall performance improved greatly and its growth potential is not yet exhausted.

The Czech Republic made it to the Top 20 countries ranked by the most expensive retail street for the second time in Cushman & Wakefield’s annual Main Streets Across the World 2019 chart. It climbed to No.18 thanks to Na Příkopě, a street where the prime rental value is EUR 235 per sq m per month. The Czech Republic is the only country in the Central and Eastern European region to make it to the Top 20 this year (it appeared in the chart last year for the first time ever), confirming its reigning position on the Central European market.

Two retail projects we have been working on awarded in Best of Realty 2019 ceremony, in the category Shopping Centres.

Shopping is not just about making a purchase anymore, it’s about visiting a destination and enjoying a unique experience. Physical retail is very much alive – but it is undergoing a significant and rapid evolution. People will continue to shop in the traditional sense, but there is no doubt that parts of the European retail market will face growing challenges.