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Articles - office

The construction of the multi-functional building VÁCLAV in Ostrava has started

In the center of Ostrava, on Kostelní náměstí, the implementation of the first stage of the multifunctional building VÁCLAV has begun. The building will offer apartments, office space and commercial units on an area of 4,424 m2. The developer of the CZK 300 million project is the ANTRACIT group, the general contractor of the implemented stage is the Ostrava construction company HSF System.

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The "Best of Realty" competition announces its 24th annual winner

On Tuesday, November 15, 2022, at a gala evening in Prague's Karlín Forum, the results were announced and awards were presented to the best projects of the Czech real estate market for the past year. The winners of the 24th edition of the "Best of Realty" competition were decided by a nine-member expert jury headed by Tomáš Drtina, vice president of the Association for the Development of the Real Estate Market (ARTN). Out of the five dozen nominees, this year's awards went to projects across the entire Czech Republic. The traditional glass trophy traveled to, for example, České Budějovice, Hradec Králové, Kojetín, Lipno nad Vltavou, Opočn, Ostrava, Prague or Pilsen.

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The developer received a zoning decision for the project of a new district in the center of Pilsen

Developer Ameside a.s. from the Prague group Amadeus Real received a planning permission for the project of a new urban district in the center of Pilsen. He wants to build it for roughly eight billion crowns by 2027 on the site of the House of Culture, which was demolished ten years ago. The company is already working on a project to issue a building permit, which will take several months. He wants to submit the application next year, and construction is to start in 2024. Václav Klán Jr., a member of the board of directors of Amadeus Real Estate, told ČTK today. The territorial decision is not final yet.

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Vítkova's CPI Property Group sells more than fifty properties to Immofinanz

The real estate company CPI Property Group (CPIPG) of billionaire Radovan Vítek is selling 53 retail properties in the Central and Eastern European region to the Austrian real estate company Immofinanz, of which he is the majority owner. The price is 324.2 million euros (almost eight billion crowns).

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Czech companies are increasing among innovators on the real estate market

Among the companies offering innovative solutions for the real estate sector, four Czech companies appeared in this year's global KPMG research. In previous years, only one represented the Czechia. This year, the research counted almost 800 innovations, the largest number of which were presented by companies from the Netherlands. Overall, it innovates the most in the areas of digitization, connectivity and sustainability.

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Rents and service fees in Prague offices are rising, but demand is still rising

Colliers, a leading company providing diversified professional services in the field of commercial real estate and investment management, published a survey of the Prague office market for the 2nd quarter of 2022. According to it, the vacancy rate did not change and remained at the same value as in the previous quarter. On the contrary, rents or service fees continue to rise. The volume of net realized demand is nevertheless the highest since the end of 2019.

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Passerinvest completed another acquisition in Brumlovka. He becomes the owner of the Gamma building again

Purely Czech company Passerinvest Group, a.s. (hereinafter referred to as Passerinvest) successfully closed the purchase of the Gamma office project in the Brumlovka administrative center in Prague, where it has been operating for a long time. The building, financed by Raiffeisenlandesbank Oberösterreich, was acquired by Passerinvest from the Austrian real estate group IMMOFINANZ.

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In the Avie area in Letňany, a quarter worth CZK 70 billion will grow in 25 years

In the next 25 years, the Odien investment group plans to build a neighborhood with approximately 7,000 apartments for up to 11,000 people in the Avie area between Prague's Letňany and Čakovice. He estimates the construction costs at 70 billion crowns. Group CEO Michael Saran told reporters. The district is to be connected to the city center by a modernized railway and a new tram line. According to Saran, the company has already started decontamination of land after industrial production and is waiting for a change in the zoning plan. She would like to start construction in 2025.

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