In the next 25 years, the Odien investment group plans to build a neighborhood with approximately 7,000 apartments for up to 11,000 people in the Avie area between Prague's Letňany and Čakovice. He estimates the construction costs at 70 billion crowns. Group CEO Michael Saran told reporters. The district is to be connected to the city center by a modernized railway and a new tram line. According to Saran, the company has already started decontamination of land after industrial production and is waiting for a change in the zoning plan. She would like to start construction in 2025.
Developer CTP ceremoniously launched the construction of a highly modern office building in the presence of Brno Mayor Markéta Vaňková, 1st Deputy Mayor Petr Hladík, Brno Deputy Robert Kerndl and City Councilor for Transport Petr Kratochvíl. The building for 1.5 billion crowns will complete the first stage of the development of the Ponávka complex in Brno and will offer its tenants the most modern technological and at the same time ecologically sustainable solutions. A modern city park for 30 million crowns is also being created in the area, which is a collaboration between the developer and the city of Brno, as well as the third part of the bike path connecting the Ponávka and Vlněn areas.
The Czech real estate investment volume reached €1.15 billion in the first half of 2022. This was a 60% increase and was mainly led by domestic investors who acquired properties worth more than €607 million. Even the number of transactions in Q2 surpassed Q1 of this year. Domestic buyers were involved in 11 of the 13 transactions in Q2, so the share of the domestic capital increased in total volume to 68%, Savills reported.
The metro station in Prague's Letňany is often given as a model of how transport infrastructure in the city should not be built. And anyone who has ever stepped out of those vestibules in the middle of the fields would probably agree with such voices.
• Less than a year after the first tenant moved in, the Mississippi House and Missouri Park office buildings on the River City Prague office campus are fully occupied
• 18 concluded lease transactions with a total of 16,200 m2 of modern administrative space in the Prague portfolio of CA Immo during the first 5 months of 2022
• As companies struggle for the best brains, the trend toward the highest quality offices is growing
The coronavirus pandemic subsides with the onset of summer, and with it the need to work from home. However, the labor market and the way work is done has undergone a number of changes over the last two years. However, many companies are still looking for new models of office work.
• A total of 68% of companies expect people to return to regular office work in the first half of the year
• Most (70%) companies allow voluntary return to offices or only partial attendance
• A total of 72% of companies are moving towards a "hybrid workplace" model within internal barriers
• 466 respondents from 199 global companies in the EMEA region, including the Czech Republic, took part in the survey
INVESTMENT MARKET: 1ST QUARTER 2022
• In the first quarter of 2022, the volume of investments in the Czech Republic
Republic worth € 898 million, which represented
year-on-year increase of 210%. No transaction Residomo, which
was concluded in the 1st quarter of 2020, the volume of investment would be
in the 1st quarter of this year, the highest since the 1st quarter of 2019.
• Although the number of transactions concluded during the 1st quarter
significantly decreased, the average transaction size compared to
average of more than doubled in the previous 12 quarters.
• The office sector regained its dominant position
and accounted for 58% of investment in Q1. Activity
has also increased in the retail sector, where value
investments accounted for 29% of the total quarterly volume. Share
industrial assets fell to 14% in the first quarter.
• With transactions worth € 519 million, it attracted the most
capital in the 1st quarter of Prague, where five transactions were concluded.
• They mainly contributed to the total volume of transactions
domestic investors who acquired five properties worth
more than € 435 million (48% of the total), followed
European investors (39%).
• After a slight correction in industrial real estate income and
offices in the 4th quarter of 2021 remained yieldy in the first three
months of 2022 in all sectors unchanged
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