Prague's Commercial Real Estate Market in Motion

The Prague commercial real estate market is experiencing a dynamic period, highlighted by the recent acquisition of the multifunctional Forum Karlín complex. Patria investment company, part of ČSOB, has acquired the prominent Karlín property and the Ibis hotel on Na Poříčí street from the KB2 real estate fund, managed by Amundi. While the transaction value remains undisclosed, this significant sale underscores ongoing activity and investor confidence in Prague's commercial assets.

Amundi's Strategic Exit: Prime Office Buildings Hitting the Market

This recent transaction marks the beginning of a strategic exit phase for Amundi's KB2 real estate fund. The fund is preparing to divest its remaining administrative (office) buildings, presenting compelling opportunities for businesses looking for premium office space. Two highly sought-after properties, Keystone in Karlín and Polygon House in Prague 4, are expected to come onto the market in the coming months.

These properties are situated in well-established and accessible business districts, making them attractive prospects for companies seeking to establish or expand their presence in Prague. Interest has already been noted from the Rieker family's family office for Keystone, and Czech investment group DRFG for Polygon House, indicating strong demand for these prime locations.

What This Means for Businesses Seeking Office Space

The upcoming sales of Keystone and Polygon House represent a unique chance for businesses to secure high-quality office premises in two of Prague's most desirable commercial zones. Karlín continues to be a magnet for innovative companies, while Prague 4 offers excellent connectivity and a mature business environment. Businesses on the hunt for new office solutions should closely monitor these developments. Opportunities like these, involving well-located and established office buildings, are crucial for strategic growth and can provide competitive advantages in a thriving urban landscape.

Looking Ahead: Prague's Evolving Commercial Landscape

With Amundi's fund planning for a complete closure by mid-2026, the coming months are set to bring further movements in the market. The divestment of these key assets reflects a healthy, evolving commercial real estate environment in Prague, continuously offering new prospects for investors and tenants alike.

Source: e15.cz