Central Group buys offices in Prague to use as refugee assistance centre

04
Mar
2022
News - Central Group buys offices in Prague to use as refugee assistance centre #Central Group #Czech Republic #investment #Prague #refugees

by Property Forum | Investment

A complex of three Komerční banka office buildings with an area of more than 12,000 sqm has been bought by Central Group in Prague 9. These are non-residential premises that can serve as emergency facilities and space for NGOs assisting refugees in the current war situation in Ukraine. The developer informed about the offer of the complex on its website, along with information about stopping the sale of apartments to citizens of Russia and Belarus who do not reject the aggressive and barbaric actions of their countries towards Ukraine.


There is a significant refugee wave coming from Ukraine, which may soon grow uncontrollably. Unfortunately, Central Group does not currently have any completed vacant apartments to offer for temporary accommodation of refugees. All of the roughly 600 flats in seven locations across Prague that it currently has on offer are still under construction. Completed apartments are sold out and new ones are only slowly coming on stream due to the extremely complicated permitting process.

What Central Group can offer immediately, however, is a complex of three commercial buildings in Vysočany in Prague 9, right next to the metro station. This is the former Komerční banka complex, which the company has just bought as a rental investment with future use for residential development. The property is now vacant and almost immediately available for very variable use, for example for the establishment of a large refugee assistance centre. And they could thus help in the current crisis.

This office complex has an internal area of about 12,000 sqm, which is divided into many different sections, from small rooms to large halls. These are non-residential spaces, so they are not suitable for accommodation, but they could provide emergency facilities for refugees. "We have now offered this administrative complex of ours for immediate use by public institutions and established NGOs dealing with the current refugee wave. Intensive negotiations are now underway to determine its most appropriate use. We are ready to provide the complex free of charge and to contribute millions more to its operation in addressing the current refugee crisis," confirms Dušan Kunovský, the Head of Central Group.




Latest news


New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


Latest news

News - Big Poland acquires Power Park Kielce retail centre
30
Apr
2026

Big Poland acquires Power Park Kielce retail centre

by Property Forum
Big Poland has acquired Power Park Kielce, one of the city's retail destinations, strengthening its position in the Polish retail park market and expanding its presence to the capital of the Świętokrzyskie region.
Read more >
News - GTC rental revenue up 8% in 2025
30
Apr
2026

GTC rental revenue up 8% in 2025

by Property Forum
GTC reported rental revenues of €202 million for 2025, up 8% from the previous year, while maintaining an 87% occupancy rate across its commercial portfolio.
Read more >
News - Bucharest hotels see strongest CEE revenue growth in 2025
30
Apr
2026

Bucharest hotels see strongest CEE revenue growth in 2025

by Property Forum
Bucharest's hotel market recorded the strongest performance in CEE in 2025, with revenue per available room (RevPAR) increasing by 12% year-on-year, according to analysis by Cushman & Wakefield.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy