Golden Prague can boast another “golden” building. This time, however, it is not a traditional monument, but an innovative approach to modern construction. The Dunaj Palace, a newly renovated office building in the heart of the historic center, has achieved the internationally recognized LEED “Gold” certificate, which is synonymous with high ecological standards. The almost century-old building on the corner of Národní and Voršilská streets has undergone a sensitive renovation in recent months under the leadership of Zeitgeist Asset Management and with the support of Prague’s conservationists. The prestigious certification was achieved thanks to the active cooperation of all project participants and the company Grinity, which led the entire process as a LEED consultant.
One of the landmarks of the Prague metro station Budějovická is changing hands. With the sale of The Square building, the investment company of the Amundi group completes the successful sale of projects from its 1st real estate fund. The new owners are the Czech real estate group Mint, which has previously managed the building for Amundi Realitní fond KB, together with private investors. The financing of the transaction was provided by Komerční banka. The new owners plan to invest in the building from the beginning with the aim of improving the building's energy efficiency and increasing its long-term attractiveness for tenants.
The company Profil Nábytek from Humpolec will supply complete interior equipment and furniture to the new Horácká arena in Jihlava. This is the largest order of its kind in the Vysočina region to date, worth 25.8 million crowns excluding VAT. The delivery includes equipment for more than 430 rooms, including locker rooms, hotel rooms, offices, skyboxes and other spaces.
Similar to Prague, Brno also recorded only a slight year-on-year increase in the supply of modern office space in 2024, with the total market size increasing by only 8,600 square meters. The same was true in Ostrava, where the construction of modern office buildings has been subdued in recent years, with exceptions, and the average annual completed area over the past 5 years is 5,800 square meters. Despite the lower supply, both cities represent an attractive alternative for investors - rental prices are stable and lag behind the Prague market. In Brno, at the end of 2024, the rent for premium office space in a modern design was EUR 17 per square meter per month, while in Ostrava it ranged between EUR 14 and 14.50. Other regional cities, especially Plzeň, Hradec Králové and Olomouc, could attract investors' attention in the coming years thanks to new projects and improving transport infrastructure. This is according to the latest analysis of the regional office space market by Colliers.
Investiční aktivita na trhu komerčních realit v České republice vystřelila v posledním čtvrtletí roku 2024 prudce vzhůru. Dokončeno bylo několik významných transakcí, jejichž celkový objem činil 740 milionů eur. Dominantním zdrojem investic zůstával i v tomto období český kapitál. Značnému zájmu investorů se těšil zejména maloobchodní segment. Po období rostoucích výnosových měr v letech 2022 a 2023 se „prime yieldy“ v roce 2024 stabilizovaly, a trh tak našel novou cenovou rovnováhu. Vyplývá to z pravidelného kvartálního průzkumu společnosti Colliers.
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.
Only one office building was completed in Prague in the third quarter. Vacancy increased slightly year-on-year to 8.1% and rents in the city center reached approximately €29.00 per square meter per month. Efforts to modernize some older properties continue in the market, either while they are in operation or by temporarily withdrawing them from the market. It comes from research by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.
The investment group Českomoravská Nemovitostní (ČMN) confirms the continued high demand for quality office spaces in Prague. Red Bull has become a new tenant in the prestigious Churchill Square II office complex, managed by ČMN, further increasing the already high occupancy rate of the building. This transaction underscores the attractiveness of Prague 2 and the high demand for quality offices.
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