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Articles - office markets

Hundreds of apartments, offices, park. In Karlín, construction is almost like after a flood

When you think of the development of Karlín, you probably think of the period at the turn of the millennium, when investors led by Serge Borenstein started to transform the gray inner periphery of the city into a new lively district. The development was also accelerated by the floods in 2002, which, although they were a disaster for many, meant new construction possibilities for Karlín.

A large real estate fund is selling off a portfolio. Sixteen properties worth billions of crowns are going on the market

After years of depression, the domestic real estate market is starting to revive. In recent months, the Komerční banka building on Wenceslas Square, the Palác Pardubice shopping center have already been sold, and there is even a gem for sale in Na Příkopě Street: the Myslbek commercial and office building.

Smíchov City is the largest urbanization in central Prague since the founding of Vinohrady at the end of the 19th century by Martina Marečková

In three years, the surroundings of Smíchovský nádraží in Prague will change beyond recognition. Today, there is a huge construction site where construction is taking place in parallel under the direction of private and public investors. Their representatives officially presented the next stage of the Smíchov City project on Wednesday.

Companies, offices, banks and media houses deal with moving

The office market is slowly recovering from a deep depression. Managers are looking to more modern workplaces not only to meet future sustainability requirements, but also to entice employees from their homes back into the workplace. Škoda Auto recently moved to new offices, large media houses are changing their addresses, and Česká spořitelna, for example, is already looking at a modern building in Smíchov. Some authorities and public institutions are also looking for a new seat. However, many companies prefer the reconstruction of existing buildings.

The Prague Municipality will move to Wenceslas Square. The city will buy the Komerční banka building

Prague will buy the company VN 42, which owns an office building on the corner of Wenceslas Square and Štěpánská Street, from Komerční banka (KB) for approximately 3.5 billion crowns. The city councilors approved it. The municipality plans to move officials from the Škoda Palace in Jungmannova street to the building, where it is leased until the end of March 2028.

The office and business complex in the center of Prague is being transformed into "Karlák Shopping Square

The rebranding and reconstruction of the building on Karlov náměstí concerns retail and office spaces and architectural modifications with the installation of a new logo and brand identity.

Passerinvest Group, as the first in Prague this year, started the construction of a new administrative or of the Hila multifunctional building in Prague's Brumlovka. It will offer offices, shops and rental apartments.

With the ceremonial knocking of the foundation stone, Passerinvest Group symbolically started the construction of the multi-functional building Hila in Brumlovka in Prague 4. Upon its completion in the spring of 2027, the building will provide a combination of approximately 20,500 m² of offices for rent (2nd to 8th floors), 71 rental housing units (9th to 15th floors) and on the ground floor a commercial area of 2,000 m². All this within one object. The building will also offer spacious terraces for office users and loggias with beautiful views for residents. The Hila building will fully comply with the company's ESG strategy and will thus be equipped with modern technologies, of which, for example, the cooling and heating system with radiant ceilings, which represents the most modern concept of indoor climate control, is worth noting. Thanks to a well-thought-out combination with planned heat pumps, it will be a highly efficient and operationally economical solution. The renowned studio Aulík Fišer architekti is behind the architectural rendering of the project, the construction contractor is the company Gemo. The owner and investor of the building is the Passerinvest Group.

Billionaire Passer changes another part of Prague. He also attracted the most profitable family business

Billionaire Radim Passer is changing the face of another Prague location. After Brumlovka, which he has been continuously developing for over a quarter of a century, his development company Passerinvest completed its initial project in nearby Roztyly – the Roztyly Plaza administrative building.
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