Reico Investment Company EAM is set to launch a significant new fund, aiming to raise CZK 500 million for a residential rental housing project in Prague. This strategic move highlights the dynamic nature of the city's real estate landscape and growing investor confidence, providing valuable insights into broader market trends for businesses considering expansion or new opportunities in the region.
CPI Property Group is undertaking a significant portfolio optimization, planning to divest over €1 billion in real estate across Germany and Austria. This presents a prime opportunity for businesses seeking high-quality office and retail spaces in key European markets.
The Prospect project in Zlín, a visionary 16-story multifunctional building, is poised to become the city's new architectural icon. With Obermeyer Helika appointed as general designer, this development promises modern office spaces designed to LEED Platinum standards, a three-star business hotel, and premium rental apartments, setting a new benchmark for businesses seeking prime 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.
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.
Spoločnosť Skanska sa stala prvým developerom v Českej republike, ktorý získal certifikáciu Access4you pre kancelársku budovu. Táto medzinárodná certifikácia hodnotí prístupnosť naprieč 16 segmentmi nehnuteľného trhu a pre 8+1 skupín užívateľov s rôznymi potrebami v rámci zastavaného prostredia. Access4you pomáha ľuďom so špecifickými požiadavkami na prístupnosť plánovať ich pohyb a zároveň podporuje vlastníkov nehnuteľností v rozvoji inklúzie a napĺňaní obchodných aj ESG cieľov. Audit troch budov projektu Port7 vykonala spoločnosť Commissioning CZ, akreditovaný partner Access4you v Českej republike. Tento úspech podčiarkuje dlhodobý záväzok Skanska k inklúzii a zaisťuje, že všetci užívatelia areálu majú k dispozícii spoľahlivé a podrobné informácie o prístupnosti.
The fourth quarter of 2024 was the second quarter in a row when no office project was started in Prague. It was also the period when only one project was completed, 100Yards in the city center. The vacancy rate remains very low, increasing by only approximately 0.2 percentage points year-on-year. The total volume of modern office space at the end of 2024 reached 3.96 million square meters, which is less than in Warsaw or Budapest. The highest achievable rent in the city center is currently EUR 29.50 per square meter per month. 2025 could bring slightly higher construction activity, thus moving the market again. This is according to a regular quarterly survey by Colliers.
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.
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