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

  • Astellas Pharma has renegotiated its lease for offices at One Floreasca Bucharest in a deal brokered by Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.
  • Czech furniture industry supplier Hranipex, a provider of edge banding, adhesives, cleaning products, and accessories, has leased nearly 3,000 sqm of warehouse space at CTPark Bucharest South. The company has relocated its operations to the new facility and is currently fully operational within the park.
  • Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.


Latest news

News - What happened in CEE real estate this week?
20
Mar
2026

What happened in CEE real estate this week?

by Property Forum
This week’s Property Forum news brings a mix of big-ticket developments and longer-term shifts shaping the market. From logistics expansion and new office projects to the growing role of data centres, the stories reflect a region that remains active while gradually adjusting to new demand patterns.
Read more >
News - BIG Poland advances with retail park in central Dzierżoniów
20
Mar
2026

BIG Poland advances with retail park in central Dzierżoniów

by Property Forum
Big Poland is developing a retail park in the centre of Dzierżoniów, responding to demand for modern shopping facilities in mid-sized cities. 
Read more >
News - CityOne Group acquires logistics project in Budapest from Woco Group
20
Mar
2026

CityOne Group acquires logistics project in Budapest from Woco Group

by Property Forum
CityOne Group has announced the acquisition of a manufacturing facility from German automotive supplier Woco Group in Kőbánya.
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