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 Vlněna area in the center of Brno is once again expanding with new faces from the technology world. Four companies are moving into the modern offices of CTP, Europe's largest listed developer: Sanezoo, Avenga, Lifeliqe and Futured Apps. Together, these companies will occupy more than 2,500 m² of office space and bring with them not only new job opportunities, but above all, groundbreaking technological products and services that confirm the role of Brno and the Czech Republic as an ideal location for innovative global companies.
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 Czech office real estate market has long been struggling with a significant decline in interest from abroad. Since January 2021, over four years, there has not been a single acquisition of a large Prague office building by international capital.
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.
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.
The European Bank for Reconstruction and Development (EBRD) has provided AFI Group with €120 million in financing to support the expansion of its portfolio of premium commercial and residential properties in the Czech Republic, Poland, Romania and Serbia.
Home Credit is catering to clients for whom personal contact is still important when negotiating new products. In March, it opened two new branches - in the Korso Karviná shopping center and in Fontána in Teplice. Although more and more clients are concluding consumer loans online, in 2024 this was already more than 40% of negotiated contracts, brick-and-mortar branches still play a key role for many not only for negotiating products, but also as the first step and gateway to the digital world of finance.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
