Penta Real Estate, in cooperation with Prague and the city districts, has announced an architectural competition to design the form of four blocks between the main road and the Florenc bus station. Architectural teams can apply until December 13, and the winning designs will be published next fall. Representatives of Prague and Penta announced this on Friday. The Penta investment group also owns land near the nearby Masaryk railway station, where it completed the Masaryčka administrative building, which was awarded by experts.
After recently opening offices in India and Romania, the Czech real estate consultancy 108 REAL ESTATE is expanding into the south-eastern part of Europe - the Adriatic. Since September, a new office has been operating in Zagreb, covering the real estate markets of Croatia, Serbia and Slovenia. Despite the territorial differences, the entire region is united by the growing interest of developers and tenants - especially in the field of industrial real estate. For example, the supply of modern warehouses and production space in prospective Serbia amounts to just 1.3 million sqm, which is less than new office space.
At the gala evening of the 26th edition of the Best of Realty competition, organized by the Association for Real Estate Market Development (ARTN), the best development projects of 2024 were announced. In individual categories, awards were given to projects that are exceptional in their contribution to the location, architectural and urban concept, quality of implementation, or their approach to sustainability and innovation.
In the third quarter of 2024, approximately 188 million euros were invested across the main real estate sectors. Although this is one of the lowest volumes in recent years, a full 100% of buyers were from the Czech Republic. The total investment volume for the first three quarters of 2024 exceeded one billion euros. There were a total of 34 transactions. Approximately half of the properties with which transactions have been carried out so far in 2024 are located outside Prague. This is according to a regular quarterly survey published by Colliers, a leading provider of diversified professional services in the field of commercial real estate and investment management.
For the first time in its almost thirty-year existence, the Crestyl development group is changing its position as international CEO. Simon Johnson, who has held the position of COO of the group for the past 14 years within Crestyl and also acted as executive director for the Czech Republic, is taking over the management of the entire group. The founder, owner and current CEO of the Crestyl Group, Omar Koleilat, is moving from an executive position to the role of a strategic consultant, and remains the owner of the company.
Flexible offices will grow by 161,303 m2 in the EMEA region in 2023. The main drivers of this growth were mainly large global companies, such as HSBC, KPMG and Microsoft, which decided to transform their work environment and adopt flexible solutions. This trend also worked as a catalyst for the transformation of traditional coworking spaces into corporate-class workplaces. This follows from the Flexpansion study by Colliers.
Well-being: how can the work environment contribute to improved mental health?
For many people, after a long "covid" break, the work environment is where they spend most of their time again. For this reason, it is important that the work environment is pleasant and supportive of their mental health. The trend of recent years is set clearly, give people what they want. Give them a pleasant working environment and they will be more willing to stay longer, finish the job and spend time away from home. And it makes sense. A happy colleague/employee equals better work ethic, results, engagement, willingness to stay longer, but it also translates into mood and relationships within the team.
FETTERS, a specialist in project management in the construction industry, joins the ranks of developers with the Panorama Braník project. The 14-storey multi-functional building on the border of the residential development in the southern part of Prague's Braník will offer a total of 77 apartments with layouts from 1+kk to 5+kk and 750 m2 of commercial space on more than 4,300 m2. The public sale was launched on September 2, with completion scheduled for late 2026.
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