Latest news from EPG

The developer of Prague’s Palladium, European Property Group, has bought another shopping center, the Varyáda center in Karlovy Vary. The companies did not disclose the price of the transaction. This year it is the fifth shopping center sold in the Czech Republic. The real estate consultancy CBRE, which represented the seller Invesco Real Estate, reported on the sale. The Varyáda shopping center was opened in March 2005 and offers approximately 18,000 square meters of retail space occupied by the Albert hypermarket and

Two years will pass in mid-May since the opening of the Central Most shopping center. On this occasion, the shopping complex is preparing a singing competition Sing to the Radio on May 12 from 3 p.m. The winner will get their own broadcast time on Hitrádio FM. “The main guest of the day and the chairman of the jury will be Jan Bendig, who will delight the audience with several songs,” said Central’s marketing manager Šárka Bušková. Central Most offers a total sales area

A gradual recovery in foreign direct investment in central and eastern Europe is likely by 2013, according to a new study. A five-year boom, in which FDI rose five-fold to $155bn in 2008, was halted by recession and the credit crunch, said PwC, the professional services group. Inflows shrank more than half to $77bn in 2009 as investment in real estate, building materials and car parts tumbled, in spite of rising investment in alternative energy, chemicals and electronic components. Big