Prague wants to improve conditions for developers

18
Oct
2022
News - Prague wants to improve conditions for developers #Czech Republic #investment #legal #office #parking #Prague #residential

by Property Forum | Residential

The City of Prague plans to improve conditions for real estate developers by lowering the number of mandatory parking places in residential and office buildings. Thanks to a new legal amendment, they will no longer have to build a mandatory garage space for each apartment. The amendment, which will now be open for 45 days for comments, would help real estate investors and developers, as well as those who want to do extensive reconstruction, writes E15.cz.


Investors of residential and office buildings in Prague will probably no longer have to comply with the mandatory number of parking spaces. They will be able to determine their quantity on their own. The same change will also affect larger reconstructions that require building permits as Prague wants to open the way to cheaper new and reconstructed flats. "We have decided to significantly reduce parking minimums. At the moment it is an unnecessary regulation that only makes construction more expensive or completely impossible. In certain locations in city centres, even three underground parking levels with expensive stackers need to be built. With this change, we will make it possible to build apartments without parking spaces for people who do not need a car at all," housing councillor Adam Zábranský explained the main purpose of the amendment.

The number of parking spaces is now determined by a calculation of the Prague Building Regulations (PSP), which was created in 2015. This is based on the number of residential units or, in the case of office buildings, the number of employees and visitors to the building. The resulting number of stalls is then adjusted according to the regulatory map of Prague, which takes into account the availability of public transport. According to Ondřej Boháč, Director of the Institute of Planning and Development, the overall revision of the regulations should reduce the number of mandatory parking places by about a quarter.

The proposal now goes into a 45-day comment procedure. "The deadline for submitting comments has been extended to give everyone enough time to study and make comments," said Deputy Mayor Petr Hlaváček. After incorporating the comments, the final form will have to be approved again by the council, which will now meet in a new formation according to the results of the last elections.




Latest news


New leases

  • Galeria Askana in Gorzów Wielkopolski has significantly bolstered its retail mix by signing a lease agreement with HalfPrice for a unit exceeding 2,000 sqm. The off-price retailer, part of Grupa Modivo, is scheduled to open its doors at the end of August 2026. The project features a large-format layout with the potential to expand the footprint to nearly 2,700 sqm.
  • The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
  • REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.

New appointments

  • 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.
  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.


Latest news

News - Romania's green building certifications top 4.6 million sqm in 2025
10
Mar
2026

Romania's green building certifications top 4.6 million sqm in 2025

by Property Forum
Romania's green certification market remained active in 2025, with over 4.6 million sqm of real estate space receiving sustainability credentials despite European changes to reporting obligations.
Read more >
News - CEE property investment climbs 24% above 5-year average in 2025
10
Mar
2026

CEE property investment climbs 24% above 5-year average in 2025

by Property Forum
Commercial property investment in CEE rebounded strongly in 2025, with a combined volume of €11.3 billion across Czech Republic, Poland, Hungary, Romania and Slovakia. This represents a 34% year-on-year increase and stands 24% above the five-year average, according to data by Knight Frank.
Read more >
News - German group Ireks buys land near Bucharest for HQ
10
Mar
2026

German group Ireks buys land near Bucharest for HQ

by Property Forum
German group Ireks, a producer of baking ingredients for bread and confectionery, has acquired a 13,000 sqm land plot in Chitila, near Bucharest, in a deal brokered by Cushman & Wakefield Echinox.
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