Investment volume in Central and Eastern Europe (CEE-6) fell by around 52% to €5.1 billion in 2023, reaching a ten-year low. Higher borrowing costs and the price difference between buyers' and sellers' expectations are among the reasons why transaction volumes are well below the ten-year average level of around 10 billion euros. Domestic capital was the most active with an impressive 56% share of total regional volumes. Czech capital secured the highest share of volumes with 28%. This results from a survey by Colliers, a leading provider of diversified professional services in the field of commercial real estate and investment management, which was presented at a February meeting of Czech and Slovak investors and other financial experts working in the field of commercial real estate.
The Česká spořitelna Real Estate Fund (ČSNF) buys the Bořislavka Centrum shopping and administrative complex from the KKCG Real Estate Group (REG). Through the acquisition, the fund increased the number of buildings under its management to 21 and the value of its real estate portfolio exceeded 38 billion crowns. This follows from the press release of the investment group Karel Komárek KKCG. The amount of the transaction was not stated by the parties.
State-of-the-art technologies including intelligent building control, high-quality archi-tecture, BREEAM Excellent certification and a prestigious address in the newly es-tablished centre of the city. These are the most interesting attributes of the Organi-ca building, the current project of Contera in Ostrava. Once completed in 2023, a major part of the building will be rented by TietoEVRY, an international provider of IT services and one of the biggest employers in the Moravian-Silesian region. How-ever, Organica will offer much more to its users and visitors.
Technopark on the border of Prague's Jinonice and Stodůlek has a new owner. The administrative building, which houses the German Commerzbank, for example, was bought by the world-renowned eye surgeon Pavel Stodůlka.
• There are clear signs of recovery in the market. The volume of investments in commercial real estate in the Czech Republic is growing.
• This year, the industrial real estate sector will record the historically highest volume of demand.
• The multifamily segment with rental housing products is included in the course.
• The interest of international investors in Czech assets remains strong.
87% of respondents believe that the physical office is essential for successful business operations, reveals a survey conducted by real estate advisory firm Savills. Additionally, 54% of respondents feel that the hybrid model combining working from home and the office is the best for their health and well-being.
The largest provider of flexible offices on the Prague market, Scott.Weber Workspace, entrepreneur Adam Zvada, is preparing a new coworking center in the capital. He will open in the student part of Dejvice and Scott.Weber will thus strengthen his position as a branch leader in the Czech capital.
The ever-expanding JRD Group, which covers five divisions under its brand (JRD Development, JRD Plazma, JRD Energo, JRD Property and JRD Invest), achieved total sales of CZK 2.14 billion last year. JRD Development occupies a dominant position in it, with last year's results of CZK 1.61 billion. The individual divisions cover a wide range of industries, from residential or land development through investments in profitable real estate to energy from renewable and secondary sources. This includes, for example, a portfolio of photovoltaic and wind power plants or a groundbreaking plasma waste gasification technology.
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