Colliers, a leading professional services company in the field of commercial real estate and investment management, has released its forecasts for the Central and Eastern Europe region for 2024. The GDP growth rate is expected to increase and therefore the activity in the commercial market. What are the other key points and trends from the Colliers predictions?
Every building is given strengths and weaknesses by the architect. It is necessary to design technology in such a way as to eliminate the weak points as much as possible, and on the contrary to make appropriate use of the strong points. Technologies tend to be expensive, so it is essential to make maximum use of their potential and possible synergistic effects.
Even in the Czech Republic, we know how to build timeless workplaces that are maximally adapted to the needs of employees, energy efficient, sustainable and also architecturally interesting. The proof is the ČSOB branch in Králové-Hradec with a capacity of 1,050 jobs, which is one of the most modern of its kind in Europe. The building received the LEED Platinum certificate, which means that it meets the strictest ecological standards and is environmentally friendly. Schneider Electric, which equipped the building with modern technologies for energy management, made a significant contribution to achieving this level.
Savills recorded 40 transactions closed in 2023 in the commercial real estate sector with a total investment volume of €1.2 billion. The volume of investments was 32% lower in 2023 compared to 2022. The driving force behind real estate investments in 2023 was the retail sector, which accounted for 43% of the total investment volume. Domestic investors are undoubtedly the backbone of the Czech investment market. Not only are they the most active and have concluded 29 transactions, but they also account for the largest (80%) share of investment volume this year. 31% of investment transactions in 2023 took place in Prague
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.
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.
The City Point office building in the attractive location of Prague 4 - Pankráce is changing hands. From the hands of the investment company Amundi Czech Republic, the ownership of the domestic operator of coworking spaces and serviced offices WorkLounge is transferred. The Mint Investments group was the investment advisor that arranged the entire transaction for Amundi. Agents from the real estate consulting company Cushman & Wakefield and the law firm Havel & Partners also participated in the transaction. The amount of the transaction exceeded the value of 450 million crowns.
One of the largest development areas in Prague, Rohanský ostrov, was for years associated exclusively with the name of billionaire Luďek Sekyra. He was backed by other investors, but his development group was talked about as the one that would build a new district on the spot for tens of billions. That is changing now. The development company J&T Real Estate acquired part of the territory exclusively for itself. It will build a thousand apartments, offices and shops on the spot for 15 billion.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
