Developers Penta Real Estate and PSN have secured key permitting for Vinohradská 8, a landmark mixed-use project replacing the former Transgas complex in Prague's prestigious Vinohrady district. Offering 7,500 sqm of modern, LEED Gold certified office space, alongside retail and residential units, this development is set to become a prime destination for businesses seeking a strategic, sustainable, and well-connected location in the heart of Prague.
Discover unparalleled business opportunities at Rohan City, Prague's transformative new urban development. Situated between Karlín and the Vltava River, this ambitious project offers cutting-edge office and retail spaces designed to elevate your enterprise in a vibrant, modern neighborhood.
A significant consolidation is underway in the Czech real estate market as Penta Real Estate, Engine Prague Development (EPD), and RSJ Investments Sicav move to acquire K1 Investment and Argo Alpha. This strategic merger, currently under review by the Czech Office for the Protection of Competition, signals a stronger, more integrated approach to property development, leasing, and management, promising enhanced opportunities for businesses seeking office and warehouse space.
The Kaprain Group has significantly expanded its portfolio of high-value properties with the acquisition of Stýblův house on Prague’s iconic Wenceslas Square. This strategic purchase paves the way for a major redevelopment, introducing new retail and residential spaces in one of the city's most sought-after commercial locations.
ČEZ has chosen the Smíchov City project by Sekyra Group for its new headquarters. The company has already started its construction. ČEZ will purchase the new headquarters, which will include three separate buildings with a total area of 44,000 m², from Sekyra Group upon completion in 2027. In addition to domestic architects, a major Swedish architectural studio also participated in the design of the buildings. ČEZ will be located next to the large campus of Česká spořitelna, which is currently under construction. Smíchov City is the largest urbanization in central Prague since the creation of Vinohrady, not only as a residential district, but also as a significant administrative location - business hub. Thanks to these significant investments, Sekyra Group holds a dominant position in the Prague office market with a roughly 80% share in the segment of construction of administrative buildings. Smíchov City is being transformed into a full-fledged district with a balanced share of residences, administration and leisure areas. The total costs of the Smíchov City project will reach 50 billion crowns, of which 35 billion will be private and 15 billion will be public investments, which will be directed primarily towards infrastructure.
Penta Real Estate, in cooperation with Prague and the city districts, has announced an architectural competition to design the form of four blocks between the main road and the Florenc bus station. Architectural teams can apply until December 13, and the winning designs will be published next fall. Representatives of Prague and Penta announced this on Friday. The Penta investment group also owns land near the nearby Masaryk railway station, where it completed the Masaryčka administrative building, which was awarded by experts.
Construction activity is beginning to move to the desolate southern part of Prague's Smíchov. Developer Sekyra Group is launching the second stage of its extensive project for the new Smíchov City district here. Within a few years, three administrative buildings should be built here, including the new headquarters of Česká spořitelna and a hotel. The private project for a total of 35 billion crowns will be followed up by the city and the Railway Administration, which are working here to modernize the railway and build a new transport terminal. Public investments will reach another fifteen billion crowns.
The new look of Vítězné náměstí in Prague's Dejvice will begin to take shape thanks to the winning proposal from the consortium of studios Benthem Crouwel Architects, Opočenský Valouch Architekti, Rehwaldt Landscape Architects, PUDIS and AED. This architectural quintet joined forces to create a well-thought-out design for the fourth quadrant, which Prague residents call nothing else than "Kulaťák".
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