Real Estate - News

CTP secured €40 million of new financing for the development of our projects

Mosaic House is a unique fusion of accommodation offering options from four-star private rooms to budget-sensitive shared rooms. The historic 1930s building was transformed to blend comfort, modern design, and eco-friendly initiatives.

PwC will relocate to City Green Court

Welcome to CTP eNEWS, our way of informing you about CTP's most current events.

On June 24, 2011 CTP received the official certificate for ISO 14001.

Ostrava (23 June 2011) – The project for Nová Karolina Park by PASSERINVEST GROUP and Multi Development is coming to life in Ostrava again. Another partner, GEMO OLOMOUC, has entered the project, along with taking on the role of general contractor, and the construction work on the office development has been resumed. This imaginary gate of Nová Karolina into the historical heart of Ostrava is slated for completion in spring 2013.

UniCredit Bank Czech Republic and other member companies of UniCredit Group – UniCredit Leasing CZ, UniCredit CAIB Czech Republic, UGIS (UniCredit Global Information Services) and UniCredit Business Partner – are moving house this autumn to the new Filadelfie administrative building in the BB Centrum complex at Prague 4. Its developer is the company PASSERINVEST GROUP, and the building is part of a modern administrative complex boasting very good transportation access and full community amenities. The rental contract was signed Wednesday, 1 June 2011.

The shell of all three buildings of the Residential Park Baarova is due for completion on 27 May. Developer PASSERINVEST GROUP is progressively making headway towards the final approval of the construction, which is scheduled for late November 2011.

CTP has been selected as one of the companies to represent Czech Republic at Business Awards competition and will now compete for a coveted Ruban d’Honour in the next round of competition. Final category Award winners will be unveiled in Barcelona on 22nd November 2011.

Remon Vos, CEO of CTP, was awarded with the 1st prize at the competition of Manager of the Year in the field Development and Real Estate in the Czech Republic. The prize was handed over today, April 28th, 2011 in Prague by the Chairman of the National Committee of the competition MR 2010 the president of CMA Ing. Pavel Kafka and the director of the Managers Union Fund (Manažerský svazový fond - MSF) Dr. Rastislav Lukovič.

The loan was signed this morning in the amount of almost €50 million. This new financing will support construction of the new site at CTPark Brno, phase II. The total investment into this site is forecasted to €95 million. CTP is very happy to start cooperation with new strong financial partners such as ČSOB and KBC Belgium.

On April 18th, Tomáš Novotný joined CTP as the new regional director. He will be responsible for CTP’s portfolio in Bohemia Czech Republic including CTPark Bor, CTPark Pilsen, CTPark Teplice, CTPark Humpolec, CTPark Divisov and others.

Coldwell Banker, a new player on Czech real estate market, is scoring a success. Coldwell Banker’s network of franchise real estate offices is expanding.

Developer PASSERINVEST GROUP is planning to complete the shell of the buildings of the Residential Park Baarova this June. The new development is scheduled for approval in November 2011.

A customer-satisfaction survey was carried out at the Balance Club Brumlovka at the end of last year. Focusing on the standard of services, the club facilities and the overall functioning of the club, this survey indicates that 98% of respondents would recommend the club membership to their friends.

CTP reached an all time high of €94 million rent income for 2010. Vacancy was historically low at 6% within our portfolio of 1.7 million m². The value of CTPs diversified portfolio is stable (this was confirmed by independent valuers, Jones Lang LaSalle).

Rezidence Rooseveltova, a luxury living space in one of Prague’s most premiere residential buildings. Located in quiet neighborhood of Prague 6 Bubeneč, it is a beautiful area, where the energy of city life joins with the tranquil, riverfront park of Stromovka.

Tougher regulations, Austerity Europe, the sovereign debt crisis, and a still-tight lending market will challenge Europe’s real estate industry in 2011, according to Emerging Trends in Real Estate 2011, published by PwC and the Urban Land Institute (ULI).

The Czech developer PASSERINVEST GROUP has moved from Building Alpha to the modern FILADELFIE, which is the newest and highest building in the BB Centrum complex, Prague 4.

Jones Lang LaSalle is pleased to announce that it has strengthened its valuation and office agency departments with the appointment of Robert Brydone and the promotion of Harry Bannatyne.