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Articles - Czech real estate market

CA IMMO registers a significant demand for premium offices: Two of its buildings in Prague are fully leased

• Less than a year after the first tenant moved in, the Mississippi House and Missouri Park office buildings on the River City Prague office campus are fully occupied • 18 concluded lease transactions with a total of 16,200 m2 of modern administrative space in the Prague portfolio of CA Immo during the first 5 months of 2022 • As companies struggle for the best brains, the trend toward the highest quality offices is growing

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Large transactions have returned

Large transactions returned to the Czech real estate market. The first quarter of this year was the strongest in the commercial real estate investment market in the last few years. The market thus returned to pre-pandemic levels. The confidence of domestic investors is also constantly growing. However, the impact of the war in Ukraine and the expected stagflation of the Czech economy remain largely unknown.

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ČEZ ESCO strengthens in the HVAC sector. It has completed the acquisition of CAPEXUS.

CAPEXUS is one of the leading Czech companies engaged in the design, planning and implementation of modern and energy-efficient office space, as well as the revitalization of older buildings with commercial use. In connection with the pressure on decarbonisation and energy-efficient operation of commercial buildings, a high demand for modern and functional revitalizations is expected on the real estate market. Cooperation with CAPEXUS will make it possible to reach new customers on the real estate market, especially investors in office space and tenants themselves. The merger of the two companies has already been approved by the Office for the Protection of Competition.

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Savills becomes the exclusive manager of the Prague office portfolio of IMMOFINANZ

With effect from January 2021, IMMOFINANZ has entrusted the international real estate consulting company Savills with the exclusive management of its portfolio of seven office buildings in Prague. The total floor area of the assets is approximately 123,000 square meters.

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Colliers predicts a strong recovery in demand for a flexible European workspace following a slowdown due to a pandemic

According to the latest Flex Forward report from global real estate consultant Colliers International, European markets with a low level of existing flexible workspace saw the largest increase in new flexible operations in the first half of 2020.

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The largest development project in Prague is starting. A new district with a kilometer-long boulevard will be built in Smíchov

The former freight station in Smíchov is starting to change. Practically in the center of Prague, a new "city within a city" is to be built within 12 years, which will include apartments, offices, retail space, and public spaces, including a kilometer-long pedestrian boulevard. The plans also include two parks, each the size of the Old Town Square. This is currently the largest development project in Prague.

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25 projects that fundamentally change the face of Prague

Are you interested in what the metropolis will look like in 20 years? Does the Prague exhibition offer a trip to the future tomorrow? Prague priorities representing 25 ambitious construction projects that will significantly change the face of Prague in the next 20 years. The exhibition was prepared by the capital city of Prague and IPR Prague. It starts on 23rd September and will last until 20th December 2020 in the premises of the Prague Center for Architecture and Urban Planning (CAMP) and on Mariánské náměstí, where the projects are presented in the form of a panel exhibition. The exhibition, in which visitors themselves can interact, maps 5 basic categories of the building development of the capital city of Prague, namely new districts, new transport connections, new opportunities, new squares and streets, and new parks. Each category is represented by 5 specific projects.

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Bakala sold real estate in Karlin

Businessman Zdeněk Bakala sold a real estate complex in Prague Karlin to Amundi Czech Republic real estate fund. Part of the Forum is the multifunctional forum of Karlín, Šárka Samková's spokeswoman Bakal said. Both sides agreed not to publish the transaction price.

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