CPI Property Group, a major owner of office and warehouse properties, is facing significant financial pressure due to high debt. This situation is leading to asset sales and potentially a large-scale buyout, which could influence the commercial property landscape and opportunities for businesses seeking rental space.
Geosan Development, a key player in the Czech real estate market, announces a significant leadership change aimed at strengthening its strategic direction and operational efficiency, particularly relevant for businesses seeking prime office locations.
Significant movement in the Prague commercial real estate sector as CA Immo divests a major office building in the sought-after Holešovice district. This sale highlights ongoing investor interest and the demand for high-quality office space in the city.
This year's ninth edition of the prestigious Office of the Year competition has its winners. They were selected by a professional jury of the competition consisting of leading experts in the office business and architects. The individual awards in a total of ten categories were received by the representatives of the winning projects on Thursday, June 5, 2025, as part of a gala evening at the Žofín Palace in Prague.
The Crestyl development group has won three prestigious awards at this year's CEEQA Awards 2025, one of the most important real estate events in Central and Eastern Europe. The Gamma Residence in Prague's Hagibor was awarded the best residential project of the year, the reconstruction of the Savarin Palace in the city center won the title of best retail project of the year, and the company itself was named a leader in the ESG field.
The first quarter of 2025 was marked by extraordinary activity in the Czech commercial real estate market. According to Colliers, the total investment volume reached 1.48 billion euros, already surpassing the full-year results of 2023, which amounted to 1.15 billion. Several large transactions with a value exceeding 100 million euros contributed to this record.
The construction of the new Dornych project by the Crestyl development group in the vicinity of Brno's main train station is progressing to the next phase. After the demolition of the old shopping center was completed, the last rubble was removed at the end of April. 90% of the demolished material will be recycled. A full 100% of the raw materials from the excavation of the construction pit will then be reused. Some of the material will be used directly in the construction of the new project. Its completion is scheduled for the end of 2027. Dornych will offer a freely accessible public space flanked by several smaller buildings. The lower floors of the new buildings will be reserved for shops and services, while the upper floors will house a hotel, clinic, rental housing and offices.
Golden Prague can boast another “golden” building. This time, however, it is not a traditional monument, but an innovative approach to modern construction. The Dunaj Palace, a newly renovated office building in the heart of the historic center, has achieved the internationally recognized LEED “Gold” certificate, which is synonymous with high ecological standards. The almost century-old building on the corner of Národní and Voršilská streets has undergone a sensitive renovation in recent months under the leadership of Zeitgeist Asset Management and with the support of Prague’s conservationists. The prestigious certification was achieved thanks to the active cooperation of all project participants and the company Grinity, which led the entire process as a LEED consultant.
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