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.
As part of the 32nd edition of the Building of the Year competition, which is organized annually by the Foundation for the Development of Architecture and Construction, the Roztyly Plaza administrative building of Passerinvest Group was awarded the prestigious title of Building of the Year 2024. It received the title for the purity of the building's architectural and structural design and its urban concept location in the area immediately following the Krčský les. According to the jury, the building is an example of modern administrative architecture, which destroys the stereotypical ideas of the lay public about office buildings as "glass-concrete hells" taking up public space. The jury was also impressed by the building's friendliness, well-thought-out shape solution, accessibility and connection of the external and internal environment.
In Prague, after years of preparations, whole new city districts are starting to emerge, famous squares are getting a new look, important railway stations are increasing their capacity, and a new bridge will soon span the Vltava River. If the political will is found, residents and visitors of the capital will be able to look forward to a brand new philharmonic or museum. See how Prague will change in the coming years.
With the ceremonial knocking of the foundation stone, Passerinvest Group symbolically started the construction of the multi-functional building Hila in Brumlovka in Prague 4. Upon its completion in the spring of 2027, the building will provide a combination of approximately 20,500 m² of offices for rent (2nd to 8th floors), 71 rental housing units (9th to 15th floors) and on the ground floor a commercial area of 2,000 m². All this within one object. The building will also offer spacious terraces for office users and loggias with beautiful views for residents. The Hila building will fully comply with the company's ESG strategy and will thus be equipped with modern technologies, of which, for example, the cooling and heating system with radiant ceilings, which represents the most modern concept of indoor climate control, is worth noting. Thanks to a well-thought-out combination with planned heat pumps, it will be a highly efficient and operationally economical solution. The renowned studio Aulík Fišer architekti is behind the architectural rendering of the project, the construction contractor is the company Gemo. The owner and investor of the building is the Passerinvest Group.
The new look of Vítězné náměstí in Prague's Dejvice will begin to take shape thanks to the winning proposal from the consortium of studios Benthem Crouwel Architects, Opočenský Valouch Architekti, Rehwaldt Landscape Architects, PUDIS and AED. This architectural quintet joined forces to create a well-thought-out design for the fourth quadrant, which Prague residents call nothing else than "Kulaťák".
Czech developer and investor Crestyl significantly strengthened its position in Poland when it completed the takeover of a fifty percent stake in Spravia from the Cornerstone Partners group. The Polish developer was originally bought by both partners together. In 2021, they paid 8.5 billion crowns for it, which meant one of the largest real estate deals in Central and Eastern Europe. The price of the current transaction was not published.
The Sebre development company of Petr Němek and Jan Fidler has come close to building one of its two major projects in Belgrade, Serbia. The Marina Dorcol district has received a zoning decision, and Sebre will thus be able to start pre-sales of apartments. Construction could begin next spring.
UBM Development AG will implement the construction of the Timber Marina Tower project, a 113-meter high office building with a wood-hybrid structure in Vienna's Handelskai district. At the same time, the company progressed with the Timber View residential project and the Timber Peak office building in Mainz, and with the preparation of the LeopoldQuartier district in Vienna. UBM plans to become the largest European developer of ecological buildings with a wooden structure. In the Czech Republic, the parent company's vision is followed by UBM Development Czechia, which is building the Timber Praha residential project, the first wooden multi-storey apartment buildings in the capital. Compared to ambitious high-rise building projects abroad, however, Timber Praha's energy-sustainable houses have a maximum height of 12 meters, due to restrictions arising from domestic legislation.y
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