In the second quarter of 2019, the flow of commercial property investment recovered in the markets of six countries of the CEE region, reaching a peak of EUR 3.3 billion in the period. As a result of the weaker first quarter, total results for the first six months of last year's first six months of the year lagged by 3%, reaching EUR 5.5 billion. The highest volume of funds was invested in the Czech Republic during the first half of the year, where the volume of investments increased by 83% compared to last year.
Svoboda & Williams has published the third edition of Market Report. The events in the premium segment of the Prague residential property market are again summarized in a practical overview, together with key trends in the first half of 2019.
CBRE, the world leader in commercial real estate services, facilitated the sale of the premium office building Praga Studios in Prague 8 - Karlin worth EUR 55 million. The newly built and already rented property with an area of approximately 12,000 square meters was completed by the development company Skanska this June. CBRE Global Investors (CBRE GI) became its new owner.
The technological hub of the South African giant is spread over two floors in the Main Point building in Prague's Pankrác. The authors of the project in this building have already realized several floors of offices. This time they decided to test its limits. The organic shape of the house allowed them to play a host of associations with the living and inanimate universes.
The Českomoravská realitní real estate group was granted permission from the Czech National Bank to issue further bonds of up to CZK 1.5 billion through its subsidiary Českomoravská projektová II. This stems from the information published by the central bank. Investors want to use the money for further acquisitions of real estate.
One of the major players in the Slovak IT business, WebSupport has undergone several changes over the past year. The largest provider of web hosting services became a member of an international group and grew so much that it had to leave its old premises and headed straight to the newly emerging business district of Bratislava in Mlynske Nivy.
Coworkings and flexible serviced offices are moving the office property market and rank among the major trends of the present. Among the most economically active group of inhabitants is already millennium, ie. people born between 1974 and 2004. This generation increasingly favors the individual approach, quality service and networking found in coworking centers. They grow throughout the Czech Republic like mushrooms after rain.