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Articles - kancelářské projekty

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.

FINEP and AFI Europe to collaborate on improving access to rental housing in Prague

Czech developer FINEP and international investment and development group AFI Europe have announced two signed transactions that will add more than 800 apartments in two different locations to the Prague rental housing market over the next three years. FINEP will newly build two apartment buildings with more than 300 apartments for AFI Europe in the Nová Elektra project in Prague 9 - Hloubětín. In addition, AFI Europe is buying from FINEP the project "V Korytech" in Prague 10 – Strašnice where AFI Europe intend to develop residential project having more than 500 apartments. Moreover, the two companies expect to cooperate on rental housing in other locations soon.

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.

Sekyra is starting to build another part of Smíchov. A large pedestrian boulevard and the headquarters of Česká spořitelna will grow here

Construction activity is beginning to move to the desolate southern part of Prague's Smíchov. Developer Sekyra Group is launching the second stage of its extensive project for the new Smíchov City district here. Within a few years, three administrative buildings should be built here, including the new headquarters of Česká spořitelna and a hotel. The private project for a total of 35 billion crowns will be followed up by the city and the Railway Administration, which are working here to modernize the railway and build a new transport terminal. Public investments will reach another fifteen billion crowns.

Companies, offices, banks and media houses deal with moving

The office market is slowly recovering from a deep depression. Managers are looking to more modern workplaces not only to meet future sustainability requirements, but also to entice employees from their homes back into the workplace. Škoda Auto recently moved to new offices, large media houses are changing their addresses, and Česká spořitelna, for example, is already looking at a modern building in Smíchov. Some authorities and public institutions are also looking for a new seat. However, many companies prefer the reconstruction of existing buildings.

The Prague Municipality will move to Wenceslas Square. The city will buy the Komerční banka building

Prague will buy the company VN 42, which owns an office building on the corner of Wenceslas Square and Štěpánská Street, from Komerční banka (KB) for approximately 3.5 billion crowns. The city councilors approved it. The municipality plans to move officials from the Škoda Palace in Jungmannova street to the building, where it is leased until the end of March 2028.

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.
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