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.
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 Crestyl development group has won three prestigious awards at this year's CEEQA Awards 2025, one of the most important real estate events in Central and Eastern Europe. The Gamma Residence in Prague's Hagibor was awarded the best residential project of the year, the reconstruction of the Savarin Palace in the city center won the title of best retail project of the year, and the company itself was named a leader in the ESG field.
Discover how advancements in artificial intelligence and digital platforms are revolutionizing commercial real estate operations, leading to more efficient, sustainable, and tenant-friendly buildings.
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.
Falling interest rates and loose monetary policy in the eurozone and Central and Eastern European countries are boosting investor confidence in the region’s commercial real estate market. However, the situation varies from country to country. For example, the Czech National Bank recently paused its rate cut cycle due to an upward revision of its inflation forecasts for this year.
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.
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