The real estate market expects a strong investment impulse this year. Interest on savings accounts is falling and many Czechs are planning to move their money elsewhere. At the same time, the domestic real estate market is stable and in many ways more efficient than in other countries. The funds will use the newly raised money for acquisitions.
The modern AFI Europe office complex with the largest green facade in Central Europe will soon welcome another prestigious tenant. The law firm Wolf Theiss, which until now was also based in Karlín, but near Florence, will move its team here. The European media and entertainment company Sky CP Limited will open a development center in Prague for the Sky Showtime streaming video service with millions of viewers worldwide. It plans to hire dozens of developers specializing in so-called front-end programming and the JavaScript language to the premises in Karlín.
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.
V polovině června začala výstavba další části obrovského projektu Smíchov City, který staví developerská společnost Sekyra Group. Druhá fáze, nazvaná Smíchov City Jih, bude v mnoha ohledech výjimečná. Třeba výší investice, rozsahem výstavby, ale i tím, že v ní vznikne nové sídlo České spořitelny.
The Radegast brewery, a traditional partner of the Colors of Ostrava festival, will once again serve up a rich selection of beer experiences this year. At the festival, visitors can enjoy not only the popular beers Radegast Rázná 10, Radegast Ryze Hořká 12 and Radegast Ratar, but also a limited batch of Radegast Rezist, brewed from specially bred drought-resistant hop varieties. First-class beer service will be provided by a team of experienced bartenders and brewers in the Radegast Pub and at other 35 tap locations throughout the area. The Radegast brewery will build a unique water zone as part of the festival, where visitors will be able to try out how to retain water in the landscape in a fun way.
Almost a third of the office market in Prague is twenty or more years old. This presents a problem for many tenants, not least because they cannot emphasize sustainability in these buildings and thus meet their ESG goals. Building owners are offered a solution in the form of complex renovations, but according to experts from Colliers, this is hindered by the low vacancy rate on the Prague office market, which offers few alternative spaces. Nevertheless, it turns out that the reconstruction of old buildings can be less demanding than the construction of new ones. A well-planned and well-executed strategic renovation can bring long-term benefits to landlords, including higher rents.
UBM Development Czechia prepared a special event for the education of the general and specialist public "Open Days" in the residential projects Arcus City and Timber Prague. These are guided tours, during which it is possible to view unique apartment buildings made of CLT panels equipped with modern technologies installed in individual apartments and houses. Guided tours take place every working day from Monday to Friday, the start is always at 1:00 p.m. Those interested meet at the sales center at the project site, in Hasilova Street, Prague - Řeporyje. The Timber Praha apartment buildings with BREEAM Excellent ecological certification and the most energy efficient category A are part of the Arcus City project. The future owners will move into the newly created neighborhood in the fall of 2024. The Arcus City residential complex offers a total of 278 residential units with layouts of 1+kk to 4+kk and five retail units. Residents have already moved into 150 apartments, and with the approval of buildings G, H, I and J, K, L, M in the summer months of 2024, the implementation of the project will be completed. The sale of the project is handled exclusively by the real estate agency Lexxus Norton.
The landmark building is being extensively renovated to high design standards that put people at the center.
· Focus on new services, highest tenant comfort and energy efficiency.
· Construction is set to begin in Q4 2024, with the completion of the New Danube House expected at the beginning of 2026. Full operations will commence in Q1 2026.
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