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:
The company Penta Real Estate has chosen an architectural design, according to which it will rebuild the former post office in Prague's Hybernská street, which is part of the complex of buildings around the Masaryk railway station. The winner of the competition was the architect Jakub Klaška, who had already collaborated with Penta on the Masaryčka project.
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.
The developer company KKCG Real Estate has recently started the construction of a smaller residential project near Šárecký potok in Prague 6, in advanced preparation it has a commercial and administrative center in Karlín and a large housing project on the premises of the former state enterprise Chirana in Modřany.
One of the most watched buildings in Prague in recent years is gradually being completed. In September, Masaryčka was approved, cafes, restaurants and shops opened, and this week the last protective film was torn off from the gold coating on the facade of the building. But the work on the Penty Real Estate project under the investment colossus Marko Dospiva does not end. In the summer, a publicly accessible viewing terrace with a café is to be opened on the roof.
The City Point office building in the attractive location of Prague 4 - Pankráce is changing hands. From the hands of the investment company Amundi Czech Republic, the ownership of the domestic operator of coworking spaces and serviced offices WorkLounge is transferred. The Mint Investments group was the investment advisor that arranged the entire transaction for Amundi. Agents from the real estate consulting company Cushman & Wakefield and the law firm Havel & Partners also participated in the transaction. The amount of the transaction exceeded the value of 450 million crowns.
The Sebre development company of Petr Němek and Jan Fidler has come close to building one of its two major projects in Belgrade, Serbia. The Marina Dorcol district has received a zoning decision, and Sebre will thus be able to start pre-sales of apartments. Construction could begin next spring.
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