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Articles - Office projects

The Central and Eastern European region continues to represent an attractive opportunity for reshoring and nearshoring from Western economies

In the region of Central and Eastern Europe (CEE-6 countries), a significant increase in the GDP growth rate is expected this year, from less than 1% last year to approximately 2.5%. According to experts from the Colliers company, which belongs to the top in the provision of diversified professional services in the field of commercial real estate and investment management, activity will therefore begin to increase in the commercial real estate market in this region in the second half of the year. However, the condition for this development is a reduction in interest rates in the eurozone. At the same time, retail parks will continue to be the main engine of growth. Other trends and forecasts published by Colliers for the CEE region in 2024 will include:

Another fragment for the reconstruction of Masaryčka. Penta showed the new look of the post office in Hybernská Street

The company Penta Real Estate has chosen an architectural design, according to which it will rebuild the former post office in Prague's Hybernská street, which is part of the complex of buildings around the Masaryk railway station. The winner of the competition was the architect Jakub Klaška, who had already collaborated with Penta on the Masaryčka project.

Scott.Weber buys shared offices from Penta in the Churchill complex at VŠE

The Scott.Weber Workspace company, which operates flexible offices, coworking and event spaces, is buying the Base coworking center from Penta Real Estate, which is part of the Churchill office complex in Prague 2. The companies did not state the price in the announcements, according to ČTK sources, the value of the transaction did not exceed hundreds of millions of crowns. Base will be the 13th Prague branch belonging to the Scott.Weber network.

Penta carved out another part of Florence. It bought parcels from Czech Railways for a quarter of a billion

Investment group Penta, whose development activities are led by billionaire Marek Dospiva, bought from České drah long-term unused plots of land in Prague's Florenci, next to the Prague highway. Thanks to this, it can continue the project of two buildings designed by the Zaha Hadid Architects studio, which it completed this October near the Masaryk station. In addition, Penta plans to acquire additional parcels in the locality, thanks to which it would control the territory from Masaryk station to Pernerova Street in Karlín.

KKCG builds villas in Prague 6. Offices in Karlín and apartments in Modřany are in a plan

The developer company KKCG Real Estate has recently started the construction of a smaller residential project near Šárecký potok in Prague 6, in advanced preparation it has a commercial and administrative center in Karlín and a large housing project on the premises of the former state enterprise Chirana in Modřany.

The third quarter of 2023 brought the highest number of new office space in the last three years. Six projects were completed in Prague

Ve 3. čtvrtletí roku 2023 pražský kancelářský trh vzrostl o více než 60 000 m2 moderních kanceláří. Jednalo se o nejlepší výsledek od půlky roku 2020. V následujících minimálně třech letech se další podobný vrchol neočekává, déle než rok totiž nezačala žádná nová výstavba. I když investoři kladou stále větší důraz na udržitelnost budov, referenční ceny nájmů se zásadně neproměňují, pronajímatelé se naopak snaží lákat na štědřejší příspěvky či delší období nájemních prázdnin. Vyplývá to z průzkumu společnosti Colliers, předního poskytovatele diverzifikovaných profesionálních služeb v oblasti komerčních nemovitostí a správy investic.

Penta wants a cafe on the roof of Masaryčka. Critics are bothered by the extra floor

One of the most watched buildings in Prague in recent years is gradually being completed. In September, Masaryčka was approved, cafes, restaurants and shops opened, and this week the last protective film was torn off from the gold coating on the facade of the building. But the work on the Penty Real Estate project under the investment colossus Marko Dospiva does not end. In the summer, a publicly accessible viewing terrace with a café is to be opened on the roof.

Komárek and Havrlant join forces again. They intend to build residential, commercial and industrial buildings

Another close alliance is emerging between Czech billionaires. After the businessmen Karel Komárek and Jakub Havrlant created a new media and consulting group Mind2Flo last year, the pair is about to start development together. Their plan has yet to be approved by the European Commission.
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