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Articles - kancelářské budovy

The new Building Act also began to apply to ordinary buildings. It shortens permitting processes and makes construction cheaper

From July 1, 2024, the new Building Act also applies to ordinary buildings. In the long term, it will speed up and simplify construction management. It waives unnecessary technical requirements, which will make housing construction cheaper. The building permit is obtained by the builder in one place online in the builder's portal. Along with the new construction law, the related implementing regulations, including the modern decree on construction requirements, also came into force. The law also provides for a transitional period until the end of June 2027. Until then, it will be possible to use the documentation that the builder developed before the new building law came into effect.

UBM fulfills its vision of building wooden buildings in Europe

UBM Development AG is aiming to fulfill its strategic goal of becoming the leading developer of wooden construction projects in Europe. In 2024, it already has over 300,000 m² of wooden buildings in preparation. Timber Pioneer, the first wooden office building with a wood-hybrid structure in the Frankfurt am Main business district, is now complete and its anchor tenant is Universal Investment. UBM recently started construction on the Timber Factory district in Munich, the Timber Peak high-rise in Mainz and the LeopoldQuartier Office complex in Vienna. The company has a number of other wooden buildings in preparation, such as the Timber Works and Timber Living projects in Munich or Timber Port in Düsseldorf. The vision of the parent company is also followed by the Czech branch of UBM Development Czechia, which this summer will complete the Timber Praha project, the first multi-storey residential wooden building in the history of the Czech metropolis.

Scott.Weber Workspace is expanding significantly. It will enter new buildings in Prague, Ostrava and Brno and open 16,500 m2 of new offices for more than 2,000 people

Scott.Weber Workspace continues to expand and consolidate its position as a leader in the flexible workspace and coworking market. This fall, it will expand its premises at the existing Churchill location near the Prague Central Station, while using the premises of Deloitte, and at the beginning of 2025 at the DOCK location in Prague 8. Next year, it will also open new serviced offices and coworking in the premium new PernerKa building in Prague's Karlín and in the intelligent ORGANICA building in Ostrava, then in 2027 in the exclusive location of Dornych near Brno's main railway station. Scott.Weber Workspace will thus already operate 17 centers in which it combines a first-class working environment with a wide range of services inspired by the standards of top hotels, thereby providing a comprehensive positive experience for office space users.

A large real estate fund is selling off a portfolio. Sixteen properties worth billions of crowns are going on the market

After years of depression, the domestic real estate market is starting to revive. In recent months, the Komerční banka building on Wenceslas Square, the Palác Pardubice shopping center have already been sold, and there is even a gem for sale in Na Příkopě Street: the Myslbek commercial and office building.

Smíchov City is the largest urbanization in central Prague since the founding of Vinohrady at the end of the 19th century by Martina Marečková

In three years, the surroundings of Smíchovský nádraží in Prague will change beyond recognition. Today, there is a huge construction site where construction is taking place in parallel under the direction of private and public investors. Their representatives officially presented the next stage of the Smíchov City project on Wednesday.

The office and business complex in the center of Prague is being transformed into "Karlák Shopping Square

The rebranding and reconstruction of the building on Karlov náměstí concerns retail and office spaces and architectural modifications with the installation of a new logo and brand identity.

The year 2024 began hopefully. The period of limited investment activities in the commercial real estate market in the Czech Republic is coming to an end

Despite the current weakening of the investment activity in the Central and Eastern European region (CEE) volumes of investment in commercial real estate in the Czech Republic in the first quarter of 2024 recorded a year -on -year increase of 36 %. In total, in this period, capital was invested in the volume of EUR 545 million, dominated mainly by local investors. The yields did not notice any significant movement compared to the previous quarter. According to Colliers' estimates, a leading provider of diversified professional services in the field of commercial real estate and investment administration, the total volume of transactions in 2024 should reach EUR 1.4 billion. This would mean the end of the three -year decline period and the hope that the Czech real estate investment market is reflected from the bottom.

Office construction in Prague slowly comes back to life, the market is being saved by renovations

The market for modern office space in Prague at the end of the 1st quarter of 2024 amounted to approximately 3.91 million m2. The vacancy rate increased slightly to 7.5%, representing approximately 292,000 m2 of vacant office space available for immediate lease. After a long period of inactivity, new speculative construction is now slowly starting to thaw. And despite the long-term growth of rents, Prague remains an attractive and competitive location attracting new investors. This is according to the regular quarterly survey of the office real estate market published by Colliers, a leading provider of diversified professional services in the field of commercial real estate and investment management.

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