The largest transaction on the Czech office market this year took place in Prague. A listed building in one of Prague's most expensive streets, Na Příkopě, was bought from Commerzbank Group by Trinity Bank. The price of the transaction has not been officially disclosed, but it is likely to exceed CZK 2 billion (€82 million), making it this year's largest transaction on the office building market, writes online daily newstream.cz.

Trigema Group is expanding its portfolio of ski resorts. After the ski resorts Monínec in Central Bohemia and Samota near Železná Ruda in Šumava, it is heading to the Krkonoše Mountains, where it is buying the ski resort in Rokytnice nad Jizerou. The price was not specified, but Trigema intends to invest CZK 1.3 billion (€53.4 million) in the area, mainly in the Horní Domky and Studenov parts, writes online daily newstream.cz.

More and more companies are considering expanding into Czech regions, but a lack of suitable office space is preventing them from doing so. In regions outside of Prague or Brno, there is not only a shortage of modern space for rent, but also a lack of flex operators. Those types of businesses could benefit from the growing interest of international companies in the Hub & Spoke or Flex & Core model, reports Colliers. 

Accolade Group continues to expand its activities in the Karlovy Vary region and is directing another investment of billions of crowns to the region. In cooperation with developer Panattoni, it is currently continuing to prepare a brand-new industrial complex in Okrouhla (Cheb East) with an estimated value of CZK 2 billion (€81 million) and a planned area of 80,000 sqm, of which 60,000 will be taken over by the first tenant, the American tyre manufacturer Goodyear, at the beginning of next year. In addition to this project, Accolade owns two other parks in Cheb, with the area of all three projects expected to reach almost 600,000 sqm in the future. 

The process of accelerated book-building for Archicom shares has been completed, as a result of which Archicom, Echo Investment and DKR Investment, i.e. companies belonging to the Echo Investment Group, set the sales price of existing Archicom shares and the issue price of 10 million new series D and E shares at PLN 22 per piece. Archicom will use the funds obtained in this way primarily to intensify ​​land acquisitions for further investments.

Spanish developer Hercesa has obtained a loan worth 33 million lei (€6.6 million) from Libra Internet Bank for the construction of a new residential project in western Bucharest. 

Facebook parent company Meta has paid £149 million to end a lease contract for the 1 Triton Square office building owned by British Land in London. The move shows that big tech companies are looking to lease less office space as employees adopt the hybrid work system, FT.com reports.

Mindspace unveiled the results of a recent survey of employees from industries worldwide regarding shifting sentiment towards the workplace. Their latest report reveals that 9 out of 10 employees consider wellbeing facilities and offerings to be critical when choosing a workplace, and 82% expect support from their employers in achieving a work-life balance.

A global property company, with a strong presence in the Polish logistics market, has acquired from Panattoni three fully commercialized industrial parks, totalling 135,000 sqm for approximately €100 million.

The industrial sector will remain on the radar of investors due to the ongoing nearshoring trend but development should also accelerate across other commercial sector once interest rates start to fall, concluded speakers of the investment trends panel of CEE Property Forum 2023, held in Vienna.