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KKCG builds villas in Prague 6. Offices in Karlín and apartments in Modřany are in a plan

The developer company KKCG Real Estate has recently started the construction of a smaller residential project near Šárecký potok in Prague 6, in advanced preparation it has a commercial and administrative center in Karlín and a large housing project on the premises of the former state enterprise Chirana in Modřany.

The third quarter of 2023 brought the highest number of new office space in the last three years. Six projects were completed in Prague

Ve 3. čtvrtletí roku 2023 pražský kancelářský trh vzrostl o více než 60 000 m2 moderních kanceláří. Jednalo se o nejlepší výsledek od půlky roku 2020. V následujících minimálně třech letech se další podobný vrchol neočekává, déle než rok totiž nezačala žádná nová výstavba. I když investoři kladou stále větší důraz na udržitelnost budov, referenční ceny nájmů se zásadně neproměňují, pronajímatelé se naopak snaží lákat na štědřejší příspěvky či delší období nájemních prázdnin. Vyplývá to z průzkumu společnosti Colliers, předního poskytovatele diverzifikovaných profesionálních služeb v oblasti komerčních nemovitostí a správy investic.

Crestyl is strengthening in Poland, having taken over one of the largest Polish developers, Spravia

Czech developer and investor Crestyl significantly strengthened its position in Poland when it completed the takeover of a fifty percent stake in Spravia from the Cornerstone Partners group. The Polish developer was originally bought by both partners together. In 2021, they paid 8.5 billion crowns for it, which meant one of the largest real estate deals in Central and Eastern Europe. The price of the current transaction was not published.

Penta wants a cafe on the roof of Masaryčka. Critics are bothered by the extra floor

One of the most watched buildings in Prague in recent years is gradually being completed. In September, Masaryčka was approved, cafes, restaurants and shops opened, and this week the last protective film was torn off from the gold coating on the facade of the building. But the work on the Penty Real Estate project under the investment colossus Marko Dospiva does not end. In the summer, a publicly accessible viewing terrace with a café is to be opened on the roof.

The Mint Investments group has completed the sale of the City Point administrative building in Pankrác, Prague

The City Point office building in the attractive location of Prague 4 - Pankráce is changing hands. From the hands of the investment company Amundi Czech Republic, the ownership of the domestic operator of coworking spaces and serviced offices WorkLounge is transferred. The Mint Investments group was the investment advisor that arranged the entire transaction for Amundi. Agents from the real estate consulting company Cushman & Wakefield and the law firm Havel & Partners also participated in the transaction. The amount of the transaction exceeded the value of 450 million crowns.

Work model an important aspect when considering a job offer

The hybrid work model has already become standard in 92% of office companies. However, not every organization transitions to this model without problems, and there is a significant discrepancy between employer preferences and employee expectations. While three quarters of employers are satisfied with it and consider it optimal, employees often have a different opinion. They want more flexibility, which is even becoming an increasingly important aspect for them when deciding whether to accept a job offer. This is according to the research "Hybrid and Beyond 2023" published by Colliers, a leading provider of diversified professional services in the field of commercial real estate and investment, through the sale of the property.

Komárek and Havrlant join forces again. They intend to build residential, commercial and industrial buildings

Another close alliance is emerging between Czech billionaires. After the businessmen Karel Komárek and Jakub Havrlant created a new media and consulting group Mind2Flo last year, the pair is about to start development together. Their plan has yet to be approved by the European Commission.

The big players are taking a bite out of Prague. J&T buys part of Rohan, will build a thousand apartments and offices there

One of the largest development areas in Prague, Rohanský ostrov, was for years associated exclusively with the name of billionaire Luďek Sekyra. He was backed by other investors, but his development group was talked about as the one that would build a new district on the spot for tens of billions. That is changing now. The development company J&T Real Estate acquired part of the territory exclusively for itself. It will build a thousand apartments, offices and shops on the spot for 15 billion.
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