ARTICLES LABELLED WITH TAG Prague

There are currently more than 56,000 sqm of office space in Prague available for immediate occupation. These are mainly office spaces that have been vacated by their previous tenants due to relocation to new premises or downsizing because of the transition to a hybrid office model. Companies that want to get up and running quickly in their new offices and make substantial savings on the capital costs required for fit-out have plenty to choose from. This secondary supply is a good complement to the shortage of available office space in new buildings that Prague is currently facing, according to the Cushman & Wakefield report.

A new generous public space has been created on the banks of the Vltava River in Karlin, easily accessible from Holešovice thanks to the HolKa footbridge. The entire area managed by CA Immo is now called Riverside Karlín. Since September, a new kindergarten has been open there, which is also accessible to families from the surrounding area, and the developer is preparing other services that have been lacking in the locality so far. The River Rink, which has been transformed from an ice rink into a place where other cultural and sporting activities take place, is already open all year round. 

The construction of the seven-storey Roztyly Plaza office building in Prague 11 has reached its final stage. Passerinvest is finishing its cladding, internal installations and landscaping. It is expected to be completed in early 2024.

The biggest Czech commercial project by Skanska is officially open to both tenants and visitors. Port7 provides 36,000 sqm of prime office and retail spaces. Compared to typical buildings of its size, Port7 boasts over 43% reduction in energy consumption and a 50% decrease in potable water usage.

The Prague 3 City Council has approved two contracts with developers Penta and Finep to build on one of Prague's largest brownfield sites at the former Žižkov railway station. This may lead to a change in the zoning plan, which the developers have been waiting for. On the other hand, the city and the district itself will receive CZK 267 million (almost €11 million) in so-called contribs, which will go towards building public parks, reconstructing schools and building a new kindergarten, writes e15.cz.

Czech Investment group Kaprain acquired ca. 53,000 sqm brownfield site from Howden ČKD Compressors, part of Howden, a leading global engineering company, which was recently acquired by Chart Industries. Howden ČKD Compressors exclusively appointed Colliers to market the facility for sale.

PSN has launched a new project, Ahoj Vanguard, in Československého exilu Street, near the former Microna factory, which is currently being converted into Vanguard Prague industrial housing with 150 lofts. They will be connected not only by an underground tunnel but also by a common background with a spa and wellness area with a swimming pool. The new construction of Ahoj Vanguard with 94 apartments is characterised by colours and a large amount of greenery. The new PSN project is scheduled for completion at the end of 2024.

The Riveroff building in Holešovice, part of the Port7 office complex near the Troja Bridge and Holešovice railway station in Prague, is changing hands. Brno-based businessman Jan Čermák has sold it to South Bohemian company 4 MTK, backed by Martin Krupauer, a prominent Czech architect from České Budějovice, e15.cz reports.

The office building in the very centre of Prague, Masaryčka, which bears the personal handwriting of the world-famous architect Zaha Hadid, has been duly approved. The new building, which was built by Penta Real Estate, is now being occupied by its first tenants.

According to CPI Property Group's financial results for H1 2023, the group's rental income continues to rise, even as it works on its disposal and deleveraging plans. The group's CEO expects a similar trend for the rest of the year.