Prague's urban landscape is set to reach new heights with the Top Tower project, a 135-meter multifunctional skyscraper in Nové Butovice. Recently approved by city councilors, this landmark development promises to deliver a new wave of modern office, retail, and cultural spaces, offering unparalleled opportunities for businesses seeking a strategic presence in the Czech capital.
The Central and Eastern European (CEE) commercial real estate market experienced a robust rebound in the first half of 2025, with investment volumes approaching €5 billion. This surge, led by the resilient logistics sector and strong office performance, signals a fertile ground for businesses seeking new or expanded operational bases in a dynamic region.
Discover the transformative Savarin Project, set to redefine central Prague's commercial landscape. This ambitious development, strategically located near Wenceslas Square, offers unparalleled business opportunities within a vibrant, amenity-rich mixed-use environment, with completion anticipated by 2029.
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.
At the gala evening of the 26th edition of the Best of Realty competition, organized by the Association for Real Estate Market Development (ARTN), the best development projects of 2024 were announced. In individual categories, awards were given to projects that are exceptional in their contribution to the location, architectural and urban concept, quality of implementation, or their approach to sustainability and innovation.
When you think of the development of Karlín, you probably think of the period at the turn of the millennium, when investors led by Serge Borenstein started to transform the gray inner periphery of the city into a new lively district. The development was also accelerated by the floods in 2002, which, although they were a disaster for many, meant new construction possibilities for Karlín.
After years of depression, the domestic real estate market is starting to revive. In recent months, the Komerční banka building on Wenceslas Square, the Palác Pardubice shopping center have already been sold, and there is even a gem for sale in Na Příkopě Street: the Myslbek commercial and office building.
In three years, the surroundings of Smíchovský nádraží in Prague will change beyond recognition. Today, there is a huge construction site where construction is taking place in parallel under the direction of private and public investors. Their representatives officially presented the next stage of the Smíchov City project on Wednesday.
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