The "Best of Realty" competition has entered its 24th year, which annually awards projects that represent the achievements and capabilities of architects, builders, designers, developers and, last but not least, real estate agents in selling or renting them. Domestic constructions completed and approved after January 1, 2021 can apply for nominations for awarded titles until September 2, 2022, when the application deadline. The announcement of results and awarding of prizes to the best projects will take place at the gala evening on November 15, 2022, traditionally the Prague Forum Karlín.
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.
Colliers, a leading company providing diversified professional services in commercial real estate and investment management, has published a regional office market survey for 2021. According to him, the importance of regional cities will continue to grow, both due to lower price levels and the emergence of new quality office space. Last year, gross annual demand began to grow again after a period of stagnation, both in large centers such as Prague, Brno and Ostrava, as well as in regional cities.
At the beginning of April, Passerinvest Group introduced the new visual identity of the Brumlovka locality. In connection with the newly-chosen communication identity, there was also a redesign of the website and primarily the launch of a new Brumlovka mobile app. The visually pure and user-friendly mobile app offers a comprehensive overview of everything the locality offers the general public. Users who download the app will have access to a map with navigation throughout all of Brumlovka, an overview of the daily menus of the individual restaurants and cafeterias, a calendar of events, a map of parking lots and charging stations, and the offer of sports facilities, parks and playgrounds. Another benefit is the timetable for all the mass transit routes passing through the location. The app also includes the current offer of space for rent.
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.
Large transactions returned to the Czech real estate market. The first quarter of this year was the strongest in the commercial real estate investment market in the last few years. The market thus returned to pre-pandemic levels. The confidence of domestic investors is also constantly growing. However, the impact of the war in Ukraine and the expected stagflation of the Czech economy remain largely unknown.
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.
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