Latest news from EPG

Palladium wins two CEE Quality Awards for Building of the Year and Best Retail Development. •CEE Building of the Year 2007 sponsored by EC Harris, Palladium, European Property Development •CEE Retail Development of the Year 2007 sponsored by Cushman & Wakefield Article on www.europe-re.com.

On Thursday, October 25th, the multifunctional commercial complex Palladium will be ceremoniously opened at Republic Square in Prague, one of the largest in Central Europe. Palladium has been built on the land bordered by Na Poříčí Street, Truhlářská Street, and Republic Square, on the site of the former barracks of Jiří z Poděbrad. It covers an area of nearly 115,000 square meters and includes retail and office spaces, public dining establishments, and the largest parking facility in the center of

With the opening of PALLADIUM at náměstí Republiky, at the end of October, the Prague market will be extended by the much demanded first class offices in a landmark location.   90% of the total area of 19 500 m2 have been pre-leased only in ten months since the leasing started. Such substantial pre-lease prior to the opening of the project confirms the scarcity of prestigious but yet modern offices in downtown Prague. The list of tenants includes blue chip

Purchase of Prague mixed-use development sets record for Central Europe. The largest-ever single asset transaction in Central Europe has set a new benchmark yield for prime real estate in the region. German closed-end fund manager Hannover Leasing has paid around 500m for the Palladium in Prague, the Czech Republic’s largest central shop and office project.The vendor refused to disclose the yield but local sources estimate it to to be around 5.25%, and some say lower. Jones Lang LaSalle capital markets