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Articles - pronajem kanceláří

A distinctive facade and 92 luxury apartments. Penta presented Victoria Palace on Victory Square

The Victoria Palace was inaugurated on Vítězné náměstí in Prague. It has 92 luxury apartments and commercial spaces in the lower part. It is the first new building on the square in 87 years. The construction of the house with a distinctive facade cost approximately 850 million crowns. The architectural design of the building was developed by Jakub Cigler's studio. It had been planned for more than 15 years to build an opening on the northern corner of the square. The construction project on this land was bought by the Kaprain group in 2016, which in the same year also invited a partner, Pentu Real Estate.

In the second quarter of this year, the market was dominated by investments in offices

The real estate market expects a strong investment impulse this year. Interest on savings accounts is falling and many Czechs are planning to move their money elsewhere. At the same time, the domestic real estate market is stable and in many ways more efficient than in other countries. The funds will use the newly raised money for acquisitions.

A distinctive facade and 92 luxury apartments. Penta presented Victoria Palace on Victory Square

The Victoria Palace was inaugurated on Vítězné náměstí in Prague. It has 92 luxury apartments and commercial spaces in the lower part. It is the first new building on the square in 87 years. The construction of the house with a distinctive facade cost approximately 850 million crowns. The architectural design of the building was developed by Jakub Cigler's studio. It had been planned for more than 15 years to build an opening on the northern corner of the square. The construction project on this land was bought by the Kaprain group in 2016, which in the same year also invited a partner, Pentu Real Estate.

New tenants are heading to AFI Karlín: the Sky development center for the global streaming platform and the Wolf Theiss law firm

The modern AFI Europe office complex with the largest green facade in Central Europe will soon welcome another prestigious tenant. The law firm Wolf Theiss, which until now was also based in Karlín, but near Florence, will move its team here. The European media and entertainment company Sky CP Limited will open a development center in Prague for the Sky Showtime streaming video service with millions of viewers worldwide. It plans to hire dozens of developers specializing in so-called front-end programming and the JavaScript language to the premises in Karlín.

Nothing bigger has been built in Prague since Vinohrady was founded. Smíchov City is heading to the next phase

V polovině června začala výstavba další části obrovského projektu Smíchov City, který staví developerská společnost Sekyra Group. Druhá fáze, nazvaná Smíchov City Jih, bude v mnoha ohledech výjimečná. Třeba výší investice, rozsahem výstavby, ale i tím, že v ní vznikne nové sídlo České spořitelny.

Office buildings in Prague are aging, the market is expecting strategic renovations

Almost a third of the office market in Prague is twenty or more years old. This presents a problem for many tenants, not least because they cannot emphasize sustainability in these buildings and thus meet their ESG goals. Building owners are offered a solution in the form of complex renovations, but according to experts from Colliers, this is hindered by the low vacancy rate on the Prague office market, which offers few alternative spaces. Nevertheless, it turns out that the reconstruction of old buildings can be less demanding than the construction of new ones. A well-planned and well-executed strategic renovation can bring long-term benefits to landlords, including higher rents.

The new Building Act also began to apply to ordinary buildings. It shortens permitting processes and makes construction cheaper

From July 1, 2024, the new Building Act also applies to ordinary buildings. In the long term, it will speed up and simplify construction management. It waives unnecessary technical requirements, which will make housing construction cheaper. The building permit is obtained by the builder in one place online in the builder's portal. Along with the new construction law, the related implementing regulations, including the modern decree on construction requirements, also came into force. The law also provides for a transitional period until the end of June 2027. Until then, it will be possible to use the documentation that the builder developed before the new building law came into effect.

FINEP and AFI Europe to collaborate on improving access to rental housing in Prague

Czech developer FINEP and international investment and development group AFI Europe have announced two signed transactions that will add more than 800 apartments in two different locations to the Prague rental housing market over the next three years. FINEP will newly build two apartment buildings with more than 300 apartments for AFI Europe in the Nová Elektra project in Prague 9 - Hloubětín. In addition, AFI Europe is buying from FINEP the project "V Korytech" in Prague 10 – Strašnice where AFI Europe intend to develop residential project having more than 500 apartments. Moreover, the two companies expect to cooperate on rental housing in other locations soon.

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