One of the largest development areas in Prague, Rohanský ostrov, was for years associated exclusively with the name of billionaire Luďek Sekyra. He was backed by other investors, but his development group was talked about as the one that would build a new district on the spot for tens of billions. That is changing now. The development company J&T Real Estate acquired part of the territory exclusively for itself. It will build a thousand apartments, offices and shops on the spot for 15 billion.
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.
We have prepared for you an interview with Adam Zvada, the founder of Scott.Weber Workspace, the number one company on the Prague shared office market. Since 2009, Scott.Weber Workspace has been creating work environments that empower people to achieve their goals and offering solutions for businesses of all sizes.
More and more companies are considering regional expansion, but the lack of suitable office space prevents them from doing so. In regions outside of Prague and Brno, there is not only a shortage of modern spaces for rent, there is also a lack of flex operators. At the same time, they could benefit from the growing interest of international companies in the so-called Hub & Spoke or Flex & Core model. This is according to Colliers, a leading provider of diversified professional services in commercial real estate and investment.
Gold wedge towering above the new square. A monumental building in a lucrative place in the center of Prague, where the abandoned brownfield was until recently. And inside the tenants of known names. One of the most watched Prague buildings in recent years has gained in charge and begins to move the first tenants.
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
Back in the 1980s, the Karolina coking plant operated in the Ostrava area. The part of the city that originally served mines and heavy industry was then an empty brownfield for several years. However, it is gradually turning into the commercial and administrative center of the city and is attracting more and more investors.
High demand and a lack of new projects caused a decrease in the vacancy rate of Prague offices, which currently stands at 7.26%. The volume of new construction and renovations was approximately 143,600 square meters at the end of Q2 2023, and the total market size was 3.85 million square meters. Reference rent prices have not changed in any way compared to the previous quarter, however, in connection with ESG and modern standards, the price of office equipment is increasing. It can easily exceed 1,000 euros per square meter. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
