CTPark Plzeň Kasárny Opens First Phase Following Redevelopment of Former Military Site

CTP has completed the first phase of the redevelopment of the former Zátiší barracks in Plzeň, launching operations at CTPark Plzeň Kasárny and welcoming its first tenants. The project is transforming a former military brownfield into a mixed-use business park comprising more than 50,000 sqm of space. The second phase of development is scheduled for completion during summer 2026.

Originally established as a military base in the 1930s, the Zátiší barracks site became largely unused following political changes after 1989. CTP acquired the property and began its conversion into a business park designed to accommodate manufacturing, research and development, logistics, office, showroom and service functions.

The project was designed by Studio Acht under the direction of architect Václav Hlaváček. The development is targeting BREEAM Outstanding certification and incorporates energy-efficiency measures, green roofs and rainwater management systems.

Several companies have already commenced operations at the park. Czech pharmaceutical distributor Avenier has opened a distribution centre focused on vaccine and healthcare logistics. Czech technology company MITO LIGHT has established its headquarters, warehouse, showroom and distribution facilities at the site.

German industrial electronics manufacturer KRIWAN Group has also leased space at the park. Other tenants include fitness operator Form Factory, Alps South Europe, Eletechnik and Parketcentrum. According to CTP, an additional automotive-sector tenant has also moved into the development.

Form Factory operates a fitness centre within the complex that is accessible to both employees and the public. A padel sports centre operated by Padel Powers is expected to open later this year.

The development includes landscaping designed by Dutch firm Baljon Landscape Architects. Plans call for more than 200 mature deciduous trees, extensive green areas and wildflower meadows to be incorporated throughout the site. The project also connects to a nearby cycling route.

CTPark Plzeň Kasárny consists of four interconnected sections designed to accommodate businesses of varying sizes. Available premises include warehouse, production, laboratory, showroom, retail and office spaces. CTP is also marketing smaller units aimed at small and medium-sized enterprises.

The park is located on Folmavská Street in western Plzeň, with access to public transport and the D5 motorway linking Prague and Germany. The nearby University of West Bohemia provides access to a regional workforce with technical and engineering qualifications.

Development of the site continues with the second construction phase, which will add additional space and expand the park’s capacity. Upon completion, the project is expected to deliver a mixed-use business environment on a formerly underutilised brownfield site.

Inflation Rises Further Amid Middle East Tensions

Poland’s Future Inflation Indicator (WPI), which forecasts the direction of consumer price changes several months in advance, increased by 1.8 points in June 2026 compared with the previous month. The latest reading marks the fourth consecutive monthly increase, signalling that inflationary pressures continue to build across the economy.

According to the analysis, inflation is being driven by a combination of rising global commodity prices and higher yields on long-term Polish government bonds. Although government regulation of retail fuel prices has partially softened the impact of rising energy costs on consumers, inflationary pressures are increasingly spreading across other sectors of the economy.

A key factor supporting price growth remains strong wage dynamics. Rising household incomes continue to sustain consumer spending, preventing a significant slowdown in demand that could otherwise ease inflationary pressures.

Commodity markets have experienced heightened volatility in recent months. While the International Monetary Fund’s commodity price index in May remained slightly below its March 2026 peak, prices of energy commodities continue to fluctuate in response to developments in the conflict in the Middle East and disruptions to shipping routes through the Strait of Hormuz. These factors have also contributed to higher prices for a range of industrial commodities, particularly rare metals used in artificial intelligence-related industries. Food commodity prices have increased at a more moderate pace of around 5% year-on-year.

Another significant contributor to the increase in the WPI was the rise in market yields on 10-year Polish government bonds. The higher borrowing costs reflect growing global risk aversion, concerns about more persistent inflation, and uncertainty regarding the future direction of monetary policy by the National Bank of Poland. The pace of public debt accumulation in Poland has also influenced government bond yields.

Inflation expectations among both consumers and manufacturing companies eased slightly compared with the peak recorded in April. The government’s intervention in fuel pricing appears to have helped moderate concerns. Nevertheless, inflation expectations remain elevated relative to levels seen before the outbreak of the Middle East conflict.

Among manufacturers, the strongest intentions to raise prices were reported by companies operating in the petroleum, chemical, plastics and metal-processing industries.

Consumer sentiment has also stabilised after a sharp deterioration in April. The proportion of respondents expecting a rapid acceleration in inflation fell from 18% in March to around 9% in May. At the same time, nearly half of surveyed consumers expect prices to continue rising at roughly their current pace over the coming months.

The latest WPI data suggest that while inflation expectations have become less pessimistic, underlying price pressures remain strong, supported by resilient consumer demand, rising commodity costs and continued uncertainty in global markets.

Source: BIEC

Panattoni Secures €31 Million Financing for Poznań Logistics Development

Panattoni has secured €31 million in financing from Bank Millennium for the development of Panattoni Park Poznań West Gate I, a logistics complex located in Tarnowo Podgórne in western Poland.

According to Panattoni, the financing supports a project situated within one of Poland’s most active warehouse and industrial markets. The Wielkopolska region continues to attract logistics and manufacturing occupiers due to its developed transport infrastructure and strong connections to both domestic and Western European markets.

“Panattoni Park Poznań West Gate I is situated in one of the most developed and dynamic warehouse markets in Poland. Wielkopolska remains a key region for logistics and manufacturing, offering access to a well-developed road infrastructure and convenient connections to Western European markets,” said Emilia Taczewska-Trojańska. She added that the financing agreement reflects the attractiveness of the development and the continued strength of demand for modern logistics assets.

The scheme comprises two warehouse buildings with a combined area of nearly 61,000 sqm. Located in Tarnowo Podgórne, the complex benefits from direct access to national road No. 92 and proximity to the Poznań Tarnowo Podgórne interchange. It is also located approximately 6 km from the S11 expressway and around 20 km from the A2 motorway, providing connections to major markets including Berlin, Warsaw and Łódź.

Designed to accommodate logistics, distribution and light industrial activities, the facility will offer a clear height of 12 metres, 126 loading docks and almost 220 parking spaces, including 80 designated for heavy goods vehicles.

The development has achieved a BREEAM Excellent certification and incorporates a range of sustainability measures. These include energy-efficient technologies, water-saving solutions, infrastructure supporting sustainable transport and an on-site photovoltaic installation.

Panattoni has delivered close to 2 million sqm of industrial space across the Wielkopolska region, making it one of the most active logistics developers in the area. The latest financing further strengthens the company’s presence in one of Poland’s key industrial and distribution hubs.

Skyliner II Reaches Full Height as Construction Enters Final Phase

The second tower of the Skyliner complex in Warsaw has reached its target height of 130 metres, marking a major milestone in the development of the project by Karimpol Polska. A traditional topping-out ceremony was held at the construction site near Rondo Daszyńskiego to celebrate the completion of the building’s structural framework.

Once completed, Skyliner II will provide approximately 24,000 square metres of leasable space, including around 23,000 square metres of office accommodation and nearly 1,000 square metres of retail and service space. Construction is scheduled to finish in the fourth quarter of 2026, with the first tenants expected to move into the building during the first quarter of 2027.

According to Karimpol Polska, Skyliner II represents a continuation of the success of the neighbouring Skyliner I tower and forms part of the largest investment undertaken by the Karimpol Group to date. The development has already become a prominent addition to Warsaw’s rapidly expanding business district.

The tower’s construction has progressed at a notable pace. Since work began, approximately 26,000 cubic metres of concrete and 3,100 tonnes of steel have been used. The main contractor, WARBUD SA, completed 20 repetitive office floors in less than 22 weeks, averaging one floor every five working days.

With the structural works now complete, attention has shifted to façade installation, building services and interior finishing. The glass façade has already been installed up to the 22nd floor, while work continues on the upper levels. Construction is also progressing on the building’s distinctive architectural features, including elevated green terraces and the lantern-like structure that will crown the tower.

Interior fit-out works are well advanced. Partition walls, flooring and building services have been completed across much of the office space, while tiling, ceiling installation, bathroom fit-outs and lobby finishes are ongoing. Eight of the building’s ten lifts have already been installed, with three currently serving construction operations.

Leasing activity has also continued alongside construction. Tenants secured to date include Mindspace, Squarepoint Capital and Volkswagen Financial Services. Following the latest leasing agreement, the building has reached 50 percent occupancy.

Skyliner II is being developed to high sustainability standards and has achieved a BREEAM New Construction Outstanding certification. The building will be powered entirely by renewable energy and will feature four levels of landscaped terraces designed by RS Landscape Architecture. Occupiers will also have access to a five-level underground car park providing 217 parking spaces and 100 bicycle spaces.

The project was designed by APA Wojciechowski Architekci. Project management is being provided by Hill International, while leasing activities are overseen by CBRE.

Construction begins at Panattoni Business Park Prague I following brownfield redevelopment

Panattoni and investor Accolade have completed demolition works at the former Kovošrot metal recycling site in Prague’s Dolní Měcholupy district and have started construction of the first phase of Panattoni Business Park Prague I.

The development will transform a long-neglected industrial brownfield into a modern logistics and industrial park. Construction officially entered a new stage in early June with the installation of the first structural column of the project’s initial building.

The first phase will comprise three industrial buildings with a combined floor area of approximately 44,800 sqm within a development site covering nearly 140,000 sqm. The project is designed to deliver modern industrial space with a strong emphasis on sustainability, energy efficiency and low-carbon operation.

Planned environmental features include heat pumps, rooftop photovoltaic installations and electric vehicle charging stations. The first building is targeting BREEAM New Construction Outstanding certification, the highest level under the sustainability assessment scheme.

The development follows extensive site preparation works at a location that had been used for decades for the collection, sorting and recycling of metal waste. Existing structures have been demolished, while environmentally safe demolition materials are being recycled and reused on-site in line with circular economy principles.

“In Dolní Měcholupy, this is not just about constructing a new industrial building, but about the complete transformation of an area that has long been burdened by its industrial past,” said Jan Andrejco, Regional Development Director at Panattoni. “The completion of demolition works represents a significant milestone in every brownfield redevelopment project.”

Green infrastructure will play a major role in the development, with approximately one-quarter of the site dedicated to landscaped areas. The project also includes plans for improved accessibility, including a new cycle path running through the park.

As part of the wider infrastructure improvements linked to the project, upgrades have already been completed at the signal-controlled intersection of Černokostelecká and Průmyslová streets. The works, valued at nearly CZK 15 million, included additional turning lanes, relocation of public lighting and utility infrastructure, and new traffic signage.

According to Accolade, the redevelopment represents one of the largest industrial brownfield regeneration opportunities within Prague.

“We acquired the site in 2019 and from the beginning it was clear that a complete transformation would be required,” said Jiří Stránský, Chief Land Development Officer at Accolade. “There are very few brownfield sites in Prague suitable for industrial use that can match the former Kovošrot site in terms of size and accessibility.”

Completion of the first building is scheduled for February 2027, while the second phase of the development is expected to be delivered in 2029.

CASPYAN real estate fund surpasses CZK 100 million from investors after first full year

Czech real estate investment fund CASPYAN FUND SICAV has reported a successful first full year of operations, surpassing CZK 100 million in capital raised from qualified investors and growing net asset value to more than CZK 463 million.

The fund said 2025 marked an important transition from founder financing to an open-market investment model. New capital from external investors was used to accelerate project preparation and development activity across its Prague-focused portfolio.

CASPYAN’s RE/MIX sub-fund combines investments in residential development projects with income-generating properties. According to the fund, this strategy enabled it to exceed its targeted annual return of 10% during 2025.

“Launching and successfully establishing a new real estate fund in the highly competitive Czech market required significant effort, careful project preparation and, above all, the trust of our co-investors,” said Kamil Jankovský, Member of the Supervisory Board of CASPYAN. “The fact that new partners have joined us confirms that our focus on transparency and premium Prague locations has been the right strategy.”

The fund’s flagship project is Konstanta Karlín, a mixed-use development in Prague’s Karlín district. The scheme will comprise premium residential units and commercial space distributed across two interconnected buildings linked by a pedestrian passage connecting Kollárova Street with an inner courtyard garden.

CASPYAN’s portfolio in Karlín also includes the completed Fabrička office building, created through the redevelopment of a former steam power plant associated with Czech electrical engineering pioneer František Křižík, as well as a residential property on Kollárova Street that remains fully leased.

The fund’s largest investment exposure is linked to the ongoing redevelopment of the Dvory Vysočany brownfield site in Prague 9. The mixed-use project, which includes residential, office and retail components, entered its first development phase at the end of 2025.

Once completed, Dvory Vysočany is expected to deliver up to 600 residential units, making it one of the most significant projects within the fund’s portfolio.

CASPYAN said continued inflows of investor capital will support further acquisitions in the coming months as it seeks to expand its portfolio and maintain long-term growth.

Slovak industrial production declines for third consecutive month in April

Industrial production in Slovakia fell by 3.2% year-on-year in April 2026, marking the third consecutive month of decline and a significant deterioration compared with the 0.8% decrease recorded in March, according to data from the Statistical Office of the Slovak Republic.

The weaker performance was driven by declining output in two-thirds of the country’s industrial sectors. Ten of the 15 monitored industrial branches recorded lower production levels than a year earlier.

The largest negative impact came from the manufacture of transport equipment, Slovakia’s key industrial sector, where output fell by more than 5% year-on-year. The sector reduced overall industrial production by 1.47 percentage points, making it the single largest contributor to the decline.

The manufacture of basic metals also weighed heavily on industrial performance, with production decreasing by more than 8% compared with April 2025. The sector contributed a negative 1.41 percentage points to the overall result.

Further pressure came from the manufacture of coke and refined petroleum products, where output declined by more than 11% year-on-year. The sector has now recorded double-digit decreases for three consecutive months.

Some industries provided partial support to overall production. Output in the manufacture of electrical equipment increased by more than 5%, while machinery and equipment production rose by over 3%, helping to offset some of the broader decline.

On a seasonally adjusted basis, industrial production remained unchanged compared with March 2026.

Industrial output remains weaker in 2026

For the first four months of 2026, Slovak industrial production declined by 1.2% year-on-year.

Eight of the 15 monitored industrial sectors recorded lower output compared with the same period of 2025. The manufacture of transport equipment remained the largest drag on performance, with production down nearly 4% year-on-year and contributing a negative 1.06 percentage points to overall industrial growth.

The manufacture of basic metals also continued to weaken, falling by almost 4% during the January-April period and reducing overall industrial output by 0.61 percentage points.

The steepest decline among major sectors was recorded in the manufacture of coke and refined petroleum products, where production dropped by more than 18% year-on-year.

The negative performance was partly offset by growth in the energy sector. Electricity and gas supply increased by more than 5% during the first four months of the year, contributing 0.55 percentage points to overall industrial production.

The latest figures indicate that Slovakia’s industrial sector continues to face challenges from weaker manufacturing activity, particularly in automotive production and heavy industry, despite resilience in selected energy and engineering-related sectors.

Source: SOSR

Slovak tourism records strongest April on record for visitor numbers

Tourist accommodation establishments in Slovakia welcomed a record number of guests in April 2026, with both domestic and international visitor numbers reaching their highest levels for the month, according to data published by the Statistical Office of the Slovak Republic.

A total of 464,000 guests stayed in hotels, guesthouses and other accommodation facilities during the month, representing a 10% increase compared with April 2025 and exceeding the previous April record set in 2019 by 5%.

While visitor numbers reached a new high, the total number of overnight stays remained slightly below pre-pandemic levels. Guests spent more than 1.1 million nights in accommodation establishments across the country, up nearly 10% year-on-year but still around 2% lower than in April 2019. The average length of stay was 2.4 nights.

Domestic travellers continued to account for the majority of tourism demand, representing almost two-thirds of all guests. Nearly 284,000 domestic visitors used accommodation services in April, an increase of almost 9% compared with the same month last year and nearly 5% above the previous April record from 2019.

International tourism also continued to strengthen. The number of foreign visitors rose by almost 14% year-on-year to approximately 180,000 guests, surpassing the previous April record from 2019 by nearly 6%.

Visitors from the Czech Republic remained the largest international source market, accounting for 26.4% of all foreign guests, or nearly 43,000 visitors. Poland ranked second, contributing almost 16,000 visitors and representing 9.7% of all foreign arrivals.

Regional performance varied, with seven of Slovakia’s eight regions recording year-on-year growth in visitor numbers. The strongest increase was reported in the Žilina Region, where guest numbers rose by 16.2%, while the Trnava Region was the only area to record a decline, with visitor numbers falling by 2%.

Bratislava Region remained the country’s most visited destination, attracting 133,000 guests during April. It was followed by the Žilina Region with 94,000 guests and the Prešov Region with 71,000 visitors. Together, Bratislava and Žilina accounted for around half of all accommodation guests in Slovakia.

Bratislava, Žilina, Prešov and Košice regions all recorded their highest-ever April visitor numbers as well as record levels of overnight stays for the month.

Bratislava Region also remained the leading destination for foreign tourists, welcoming approximately 88,000 international visitors. It was the only Slovak region where foreign guests accounted for the majority of visitors, with almost every second foreign tourist visiting Slovakia choosing accommodation in the capital region.

The positive trend continued throughout the first four months of the year. Between January and April 2026, accommodation establishments hosted more than 1.8 million guests, an increase of 10% compared with the same period of 2025 and 9% above the corresponding period in the pre-pandemic year of 2019.

Growth in international tourism outpaced domestic demand during the period, with foreign visitor numbers increasing by 15% year-on-year compared with a 6% rise among domestic travellers.

Source: SOSR

AFI strengthens management team with two senior appointments

Real estate investment and development company AFI has expanded its management team with the appointment of Jan Baxa as Head of Office Asset Management and Lucie Mašínová as Head of AFI Home Leasing and Tenant Relations.

In his new role, Jan Baxa will be responsible for the strategic management and development of AFI’s office portfolio in the Czech Republic. The company currently owns and operates five office buildings in Prague with occupancy levels close to full capacity and is in the process of completing the acquisition of the Port7 office complex in Prague’s Holešovice district.

Baxa brings more than 20 years of experience in the real estate sector. Prior to joining AFI, he spent 15 years at CA Immo Real Estate Management, where he held the positions of Head of Property Management and later Head of Asset Management. He began his professional career at Knight Frank while completing his studies.

He holds a doctoral degree in Regional Geography from Charles University in Prague.

Lucie Mašínová joins AFI as Head of AFI Home Leasing and Tenant Relations. She will oversee leasing activities and tenant relations across the AFI Home residential platform, which currently comprises four residential schemes with nearly 900 apartments and serviced units. A further 810 apartments are currently under development.

Her responsibilities will include enhancing customer service standards, improving leasing processes, implementing new technologies and strengthening tenant satisfaction and retention.

Mašínová joins AFI from Kaufland Czech Republic, where she served as Head of CRM for the past five years. Previously, she worked as Marketing Manager for the Czech and Slovak markets at OBI and spent nearly 11 years at OMV in a range of management and marketing positions.

She holds a master’s degree in Economic Policy and Administration from the Silesian University in Opava.

The appointments come as AFI continues to expand both its office and residential operations in the Czech market, with growth planned across its AFI Home rental housing platform and Prague office portfolio.

BSH begins production at new PLN 600 million factory near Rzeszów

BSH, the manufacturer of Bosch and Siemens household appliances, has started production at its new small domestic appliances factory in Rudna Wielka near Rzeszów, Poland, following the completion of a nearly PLN 600 million investment.

Developed by Panattoni, the facility spans 73,000 sqm and includes production, warehouse and office space. The project was completed on schedule after construction began in early 2025, and BSH has now completed the transfer of production equipment from its previous nearby location.

The new factory consolidates the company’s operations in the Rzeszów area into a single site, a move expected to improve operational efficiency and support future growth.

“The move to a new, larger factory is another step on the path to our company’s development and the best confirmation that BSH feels very much at home in Poland, in Rzeszów,” said Konrad Pokutycki, CEO of BSH in Poland.

BSH has operated in Poland for 33 years and currently employs nearly 8,000 people across six manufacturing plants, logistics centres, research and development facilities and shared services operations. The company has invested more than €1.5 billion in Poland to date, primarily in Łódź, Wrocław and Rzeszów.

According to Michael Baumeister, Member of the Management Board of BSH’s Small Domestic Appliances Division, the facility will continue producing Bosch Unlimited cordless vacuum cleaners, bagless vacuum cleaners, wet-and-dry cleaning appliances and capsule coffee machines. He also announced that production of a new espresso machine platform will begin at the factory next year.

The site is located within the Rzeszów-Dworzysko Special Economic Zone and benefits from direct access to motorway, expressway and rail infrastructure.

Panattoni delivered the project as a build-to-suit development tailored to BSH’s production requirements.

“The opening of the new BSH factory is a special project not only because of its scale, but above all because of the level of sophistication and the pace of implementation,” said Marek Dobrzycki, Partner at Panattoni. “In less than a year, we delivered a modern production facility designed practically in every detail to meet the needs of one of the most advanced small household appliances factories in the BSH Group.”

The project required coordination between construction works, installation of production lines and relocation of manufacturing operations without interrupting production activities.

The investment is expected to create approximately 1,000 jobs in the Podkarpacie region. In addition to manufacturing operations, BSH also operates a research and development centre in Rzeszów, where engineers and designers work on new small domestic appliance products. The company opened a new R&D facility in the city centre in 2025.

Rzeszów Mayor Konrad Fijołek said the investment strengthens the city’s position as a centre for advanced manufacturing and innovation while creating employment opportunities and supporting regional economic growth.

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