The investment group Českomoravská Nemovitostní (ČMN), the third-largest office space landlord on the Czech market, together with the NEMO fund, has completed the acquisition of a portfolio from the NOVA Real Estate property fund valued at approximately 5 billion CZK. The transaction includes 5 office buildings with a total rentable area exceeding 37,000 m² and 11 retail parks covering an area of 72,000 m². With this acquisition, the ČMN group will expand its business into the retail segment.
The development group AFI Europe takes stock of the results of last year in the Czech Republic, during which it achieved significant successes in the field of rental housing and office real estate rental, and at the same time announces its plans for this year.
Only one office building was completed in Prague in the third quarter. Vacancy increased slightly year-on-year to 8.1% and rents in the city center reached approximately €29.00 per square meter per month. Efforts to modernize some older properties continue in the market, either while they are in operation or by temporarily withdrawing them from the market. It comes from research by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.
CBRE, the world leader in the field of commercial real estate services, provides a summary of this year's developments on the domestic commercial real estate market and presents a current forecast for the year 2025. This indicates what the investment activity and development of key segments in the Czech Republic will be like in the coming year.
The investment group Českomoravská Nemovitostní (ČMN) confirms the continued high demand for quality office spaces in Prague. Red Bull has become a new tenant in the prestigious Churchill Square II office complex, managed by ČMN, further increasing the already high occupancy rate of the building. This transaction underscores the attractiveness of Prague 2 and the high demand for quality offices.
With increasing pressure on ESG, developers are looking to save energy and reduce the amount of CO2 their buildings produce. They are using a variety of technologies, such as solar panels, batteries, heat pumps and energy-saving lights. These things help, but how people use the building is also very important. Even if a building has an excellent energy rating, it can still use a lot of energy if people make mistakes. Loxone helps to correct these mistakes. It automates many routine tasks in the building, and as a result, energy costs are typically cut by up to half.
Energy savings in the management and operation of commercial buildings are becoming an increasingly important topic. Rising energy prices and the pressure for sustainability are leading owners and operators of commercial and administrative buildings to look for innovative ways to reduce energy consumption while improving comfort for users. Wilo, in cooperation with the development company Passerinvest, presents the main options and measures for achieving energy savings through the reconstruction or modernization of an office building.
The new administrative building Roztyly Plaza, built by Passerinvest Group in Prague's Roztyly, was announced as the winner of the Best Office Development of the Year 2024 category of the prestigious CIJ Awards. It recognizes the most beneficial achievements and personalities of development.
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