Passerinvest Group builds mixed-use project in Prague

22
Oct
2026
News - Passerinvest Group builds mixed-use project in Prague #Aulík Fišer Zalabák Architekti #Czech Republic #Gemo #Mixed-Use #Office #Passerinvest Group

by Property Forum | Office

Czech developer Passerinvest Group is constructing a mixed-use building called Orion at the Brumlovka district in Prague, at the junction of Vyskočilova and Michelská streets. The nine-storey building will have a total area of 28,000 sqm and is scheduled for completion in the first quarter of 2029, with construction starting in the fourth quarter of 2025. The general contractor is Gemo.


Orion will combine office space, ground-floor retail units and 134 fully furnished rental apartments ranging from studio to three-bedroom layouts. The building will include roof terraces totalling over 2,300 sqm, with a shared terrace of nearly 800 sqm available to all tenants. Four underground levels will provide 475 parking spaces with electric vehicle charging infrastructure.

"Prague needs to develop in many areas. New construction, whether residential or office buildings, is among the most important. I am grateful that our company, at a time when new construction in Prague is generally stagnating, is building two significant projects at Brumlovka, Hila and Orion, which will benefit not only the development of Prague 4," said Radim Passer, founder and CEO of Passerinvest Group.

Orion is designed with a focus on sustainability and energy efficiency. The building is targeting LEED Platinum certification and an energy performance certificate of category A, and will comply with EU taxonomy criteria. Technologies including heat pumps, geothermal boreholes, photovoltaic panels and radiant ceilings will support energy performance, while enhanced air exchange with ionisation and an intelligent building management system will be installed throughout.

The architectural design is by studio Aulík Fišer Zalabák architekti. "Orion should complete the urban environment and quality public space on Brumlovka's central street, Vyskočilova. The design presents a compact block composed of office and residential sections with civic amenities at ground level," said architect Jan Aulík of Aulík Fišer Zalabák architekti. The project is being built on the site of a former tennis complex; Passerinvest Group relocated the Tennis Club LTC 1927 Praha – Michle to new courts nearby, completed last spring.




New leases

  • Globalworth announced the signing of a lease agreement with B+N Integrated Facility Services, part of the international facility management company LIWO Group, which operates across nine European countries. B+N will occupy approximately 1,500 sqm of office space in Green Court D, Globalworth’s newest development in Bucharest, currently under construction in the Aurel Vlaicu area and scheduled for completion in 2027.
  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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