Michaela Šedlbauerová appointed Head of Marketing and Communications at Cushman & Wakefield
Michaela Šedlbauerová will be responsible for delivering the firm´s marketing and communications strategy on the Czech market and for leading the local corporate marketing team. She will also continue in her role as PR Manager.
Michaela has been active in marketing and communications for eleven years. Before joining Cushman & Wakefield as PR Manager in 2019, she worked as Marketing Supervisor at KPMG Czech Republic.
Michaela holds a degree in Czech and English languages from the Faculty of Education at Charles University in Prague. She likes sports, travelling and reading.
Online food sales in the Czech Republic are doubling every year, driving demand for storage space and increasing rents
• The revenue for online food sales in Czechia has grown by 106% a year over the past three years; this is the most dynamic e-commerce sector
• The share of e-commerce in retail revenue in Czechia should amount to almost 15% towards the end of this year – the highest figure in Europe
• E-commerce accounts for more than 12% of the lease of storage space and contributes towards the increasing rents for such space
The Czech real estate fund Trigea bought two retail parks in Moravia – Retail Park Haná in Olomouc and the shopping centre Retail Park Ostrava, expanding its existing portfolio of three properties with additional retail projects.
The Czech Republic came fifth in this year’s ranking of countries with the best conditions for the manufacturing sector, the highest position among all European countries. Czechia’s advantages include a low rate of risk combined with low operating costs.
The occupancy level in Prague’s hotels was just 10 per cent during the first six months of this year. Investors’ interest in buying remains strong according to Cushman & Wakefield’s current Hotel Investor Beat survey.
Following their reopening in May, shopping centres have seen both their revenue and footfall increase to a rate exceeding the performance during the same period last year. The footfall was lower than in the pre-crisis year 2019, but the revenue was comparable; in fact, it was slightly higher. Supermarkets and hypermarkets fare the best in terms of revenue; electronics and health and beauty products are also doing well. The current performance of shopping centres can therefore be described as very strong, with figures exceeding initial expectations, and investors show renewed interest in properties again, with several major retail transactions being planned for this year and the next. To date, office and logistics properties have been selling the best this year.
Regardless of the problems that the measures related to the coronavirus crisis have brought to the retail segment new brands keep coming to the local market. Nine of them have arrived or will arrive during the first half of the year, the most prominent one of them being Ireland’s Primark fashion chain.
Bluehouse sold the Korso Karviná shopping centre (in the Northern Moravian region of the Czech Republic) to Conseq Investment Management in this year’s first shopping centre transaction on the Czech market.
The Czech real estate fund Trigea bought the Explora Business Centre office building in Prague’s Nové Butovice from Golden Star Group, an international real estate group, in one of the largest real estate transactions performed this year.
A total of 260 million euros was invested in commercial properties in Czechia in the first quarter of this year; this is roughly 9% less than in the same period last year. Following a period of waiting, the mood among investors is optimistic again, with great interest in buying and a high amount of capital on the market. Nevertheless, transaction activity is low – there is a shortage of real properties for sale. The development in Prague is low across the sectors. This can be a benefit for those seeking to buy – new projects face low competition. In effect, investors’ demand for Prague is huge and logistic properties are an obvious favourite. With almost no vacancy, rents are growing steeply, thus reducing yield and pushing prices dramatically upwards.
IKEA extended their lease contract at SEGRO Logistics Park Prague in the vicinity of the Václav Havel Airport. It will continue leasing the warehouse space totalling almost 12,500 sq m in the building it uses as a goods pick-up warehouse for its customers. The lease transaction was assisted by Cushman & Wakefield, a leading global real estate services firm.
A total of 23 retail park projects with a total area of almost 55,000 square metres were completed in the Czech Republic last year, with the volume of development exceeding a ten-year average. In effect, the aggregate area of all retail parks in the Czech Republic has exceeded one million square metres.
Cushman & Wakefield, a leading global real estate services firm, has analysed the trends in the industrial property sector in five Central European countries (Czech Republic, Hungary, Poland, Romania and Slovakia) in 2020, and the principal findings are as follows.