Passerinvest Group, the Czech development company behind, among other things, the development of the vast area known as Brumlovka in Prague 4, has presented its plans and strategic investments for the next five years. During this period, it will bring a total of 180,000 square meters of office, residential and retail space to the market. Along with the construction, it will also focus on the transformation and cultivation of 5.5 hectares of public areas - parks, relaxation zones and water areas.
The European Bank for Reconstruction and Development (EBRD) has provided AFI Group with €120 million in financing to support the expansion of its portfolio of premium commercial and residential properties in the Czech Republic, Poland, Romania and Serbia.
One of the landmarks of the Prague metro station Budějovická is changing hands. With the sale of The Square building, the investment company of the Amundi group completes the successful sale of projects from its 1st real estate fund. The new owners are the Czech real estate group Mint, which has previously managed the building for Amundi Realitní fond KB, together with private investors. The financing of the transaction was provided by Komerční banka. The new owners plan to invest in the building from the beginning with the aim of improving the building's energy efficiency and increasing its long-term attractiveness for tenants.
Investment and development company AFI announces the appointment of Karin Shalev Shogol as CEO for the Czech Republic. She replaces Doron Klein who will focus on other tasks and challenges related to AFI after fourteen years of successful leadership of the Czech team. He will continue in his role as Deputy CEO of the entire group and also as CEO of AFI Romania.
Spoločnosť Skanska sa stala prvým developerom v Českej republike, ktorý získal certifikáciu Access4you pre kancelársku budovu. Táto medzinárodná certifikácia hodnotí prístupnosť naprieč 16 segmentmi nehnuteľného trhu a pre 8+1 skupín užívateľov s rôznymi potrebami v rámci zastavaného prostredia. Access4you pomáha ľuďom so špecifickými požiadavkami na prístupnosť plánovať ich pohyb a zároveň podporuje vlastníkov nehnuteľností v rozvoji inklúzie a napĺňaní obchodných aj ESG cieľov. Audit troch budov projektu Port7 vykonala spoločnosť Commissioning CZ, akreditovaný partner Access4you v Českej republike. Tento úspech podčiarkuje dlhodobý záväzok Skanska k inklúzii a zaisťuje, že všetci užívatelia areálu majú k dispozícii spoľahlivé a podrobné informácie o prístupnosti.
Similar to Prague, Brno also recorded only a slight year-on-year increase in the supply of modern office space in 2024, with the total market size increasing by only 8,600 square meters. The same was true in Ostrava, where the construction of modern office buildings has been subdued in recent years, with exceptions, and the average annual completed area over the past 5 years is 5,800 square meters. Despite the lower supply, both cities represent an attractive alternative for investors - rental prices are stable and lag behind the Prague market. In Brno, at the end of 2024, the rent for premium office space in a modern design was EUR 17 per square meter per month, while in Ostrava it ranged between EUR 14 and 14.50. Other regional cities, especially Plzeň, Hradec Králové and Olomouc, could attract investors' attention in the coming years thanks to new projects and improving transport infrastructure. This is according to the latest analysis of the regional office space market by Colliers.
YIT has successfully completed the rough construction of the first phase of the Toivo Roztyly residential project in Prague 11, which includes 88 units. Its final approval should take place at the end of this year. The second phase, which should start this year, will include another 116 apartments. The complex, with its minimalist and timeless design, will include a number of ecological elements and plenty of greenery.
Office space in Karlín is among the most sought-after in Prague. Successful companies, especially in the fields of information technology and communication, are moving their headquarters here. Now, the major Czech communications group KNOWLIMITS is also planning to move here.
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