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
According to the latest overview of the development of capital markets in the EMEA region (Europe, Middle East, Africa), published by Colliers, a devastating shock in the market in the first quarter of 2022 resulted from the Russian invasion of Ukraine. Despite this, investors' interest in commercial real estate persisted.
Coronavirus has changed the way we used to know from the office environment. After two years of running a full-time home office, people are slowly returning to the offices - but it's clear that in most cases it won't be five days a week after eight hours. This creates a new problem for companies: how to adjust the capacity of offices and optimize their occupancy. The solution offers an unexpected helper - a corporate wireless network.
The year 2021 was very successful for UBM Development Czechia. It sold three projects (in Prague, Lipno and Karlovy Vary) and also approved the Astrid Offices projects in Holešovice, the Andaz Prague Hotel on Senovážné náměstí and the Neugraf residential project in Smíchov. This list also includes the start of construction of an extensive residential project Arcus City in Prague-Stodůlky, where it also directly opened a sales center. This year, UBM will start construction of the next stage of this project. At the same time, they are negotiating new acquisitions. Following the example of the Austrian parent company, it is going to use ecological wooden constructions of houses and prepare a pilot housing project in the Czech Republic.
The construction, operation, financing, development and acquisition of commercial real estate in 2022 and beyond will continue to be affected by the prices of fuels, energy and building materials. Added to this are problems in supply chains, nearshoring operations and rapidly rising inflation. The Colliers CEE Investment Scene 2021/2022 study predicts that these factors will have a direct impact on sales prices and rents.
Passerinvest Group (Passerinvest), which celebrated 30 years since its establishment in December of last year, is behind the urban transformation of the Prague locality Brumlovka in Prague 4, which is one of the largest projects of its kind in Central Europe. During this period, Passerinvest’s investment activity has enriched the state coffers by CZK 71 billion. In the last 16 years, it has also been involved in the preparation of the appropriate urban development of Prague - Roztyly. The company plans to invest an additional CZK 35 billion in both locations in this decade. The outlook includes commercial and residential projects, the expansion of civic amenities and publicly-accessible spaces for the general public.
Czechoslovak Group (CSG) will change its headquarters and move to a completely new building from J&T REAL ESTATE CZ, which it will have furnished exactly according to its needs. The Karlín premium project Red Court designed by CMC Architects was acquired by the tenant a year before its completion.
Administrativní budova Roztyly Plaza na Praze 4, jejíž výstavba byla zahájena na podzim loňského roku, nabídne k pronájmu kanceláře s celkovou plochou 21 700 m². Za elegantním a designově čistým zpracováním sedmipatrové budovy stojí renomované architektonické studio Aulík Fišer architekti. Velky důraz je v projektu kladen na vytvoření inspirujícího prostředí, ve kterém bude radost pracovat, a setkávat se. Proces pronájmů prostor byl zahájen a již je registrován zájem prvních potenciálních nájemců jak na kancelářské, tak i na obchodní prostory. Budova umí nabídnout velkoplošné kanceláře s výměrou přes 3 000 m2 na jednom podlaží, ale díky flexibilním dispozicím je zároveň možné vytvořit i menší jednotky od 300 m2.
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