The massive rise of Korean investors to the Czech commercial real estate market has redrawn the investment market. Koreans accounted for 32 percent of the total volume invested in the first quarter. South Korean buyers mainly purchase modern office centers.
The newly emerging residential project in Žižkov won the Dutch studio Benthem Crouwel Architects! About 160 candidates from all over the world have registered for the international architectural competition.
The residential developer V Invest joined the Developer Association in July. V Invest, a member of the Unicapital investment group, plans to expand significantly and to become one of the 10 largest developers in Prague in the next few years. The Association of Developers enters among other things with the aim of thematizing the relationship of modern architecture and Prague historical buildings.
Commercial properties such as office and business centers or warehouses have never been so expensive. This is reflected in falling investor returns. Business property brings them the least in history because of high prices.
New Work, a provider of fully serviced office space, is expanding its presence on the Czech market. From August 1, it will open a brand new office in the Dynamica building, part of the Waltrovka complex in Prague - Jinonice.
Riveroff Office House is currently undergoing intensive reconstruction. Together with other buildings, it will form part of the multifunctional projects Rivery and Port7, which will significantly transform the existing form of one of the Vltava's banks in Holešovice. Real estate agency Svoboda & Williams was exclusively commissioned to mediate the lease of space in Riveroff.
Old Town, Karlin, Smichov and Pankrac. These are the four previously confirmed locations where the unique concept of coworking Spaces will work. This international flexible office provider offers more than 15,000 square meters in Prague. And he runs a tenth of the roughly forty coworking spaces in the Czech capital. The first one in the reconstructed Albatros building on Narodni trida should be open right after the holidays.
Not long after its completion and the prestigious Best of Realty 2018 award, Palmovka Open Park is changing owners. For almost EUR 80 million, IMMOFINANZ acquires it.
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