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Articles - office buildings

Colliers - Prediction 2024: Development, challenges and opportunities in Central and Eastern Europe

Colliers, a leading professional services company in the field of commercial real estate and investment management, has released its forecasts for the Central and Eastern Europe region for 2024. The GDP growth rate is expected to increase and therefore the activity in the commercial market. What are the other key points and trends from the Colliers predictions?

What are the benefits and limits of innovative technologies to achieve emission-free buildings?

Every building is given strengths and weaknesses by the architect. It is necessary to design technology in such a way as to eliminate the weak points as much as possible, and on the contrary to make appropriate use of the strong points. Technologies tend to be expensive, so it is essential to make maximum use of their potential and possible synergistic effects.

Instead of Transgas, apartments and offices. This is what the building that will replace the Brutalist icon looks like

Until 2019, a complex of three brutalist buildings from the 1970s known as Transgas stood on the plot at the beginning of Vinohradská Street. The work of architects Jindřich Malátek, Ivo Loos, Zdenko Eisenreich and Václav Aulický could be sent to the ground despite efforts to declare it a monument.

From London to Zagreb. Vítka's CPI sold European real estate for two billion

The real estate group CPI Property Group (CPIPG) of Czech billionaire Radovan Vítek announced on Wednesday the completion of the sale of three properties in Britain, Poland and Croatia.

Colliers: Investment volumes in commercial real estate decreased in 2023, Czech capital maintained the strongest position in the region

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 workplace of the future? The aesthetic and economical headquarters of ČSOB in Hradec Králové is one of the most modern in Europe

Even in the Czech Republic, we know how to build timeless workplaces that are maximally adapted to the needs of employees, energy efficient, sustainable and also architecturally interesting. The proof is the ČSOB branch in Králové-Hradec with a capacity of 1,050 jobs, which is one of the most modern of its kind in Europe. The building received the LEED Platinum certificate, which means that it meets the strictest ecological standards and is environmentally friendly. Schneider Electric, which equipped the building with modern technologies for energy management, made a significant contribution to achieving this level.

The Central and Eastern European region continues to represent an attractive opportunity for reshoring and nearshoring from Western economies

In the region of Central and Eastern Europe (CEE-6 countries), a significant increase in the GDP growth rate is expected this year, from less than 1% last year to approximately 2.5%. According to experts from the Colliers company, which belongs to the top in the provision of diversified professional services in the field of commercial real estate and investment management, activity will therefore begin to increase in the commercial real estate market in this region in the second half of the year. However, the condition for this development is a reduction in interest rates in the eurozone. At the same time, retail parks will continue to be the main engine of growth. Other trends and forecasts published by Colliers for the CEE region in 2024 will include:

Scott.Weber buys shared offices from Penta in the Churchill complex at VŠE

The Scott.Weber Workspace company, which operates flexible offices, coworking and event spaces, is buying the Base coworking center from Penta Real Estate, which is part of the Churchill office complex in Prague 2. The companies did not state the price in the announcements, according to ČTK sources, the value of the transaction did not exceed hundreds of millions of crowns. Base will be the 13th Prague branch belonging to the Scott.Weber network.

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