Renovated department store in Prague to open in June

25
Mar
2024
News - Renovated department store in Prague to open in June #Amadeus RE #Czech Republic #Metrostav #Prague #retail

by Property Forum | Retail

The Máj department store, whose reconstruction has been running since July 2022, is planning its reopening to the public in June 2024, reports E15.cz.


The modernization of the cultural monument of the Máj department store in Prague is now in its final phase. The reconstruction for the investor Amadeus RE is being carried out by the construction company Metrostav and is expected to cost approximately CZK 4 billion (€156.77 million).

In the new Máj, customers will find a Tesco supermarket, pharmacies, drugstores, cafes, a cosmetics store and a wine store. The third and fourth floors will offer a multifunctional entertainment area with a focus on children over 12 years old, the fifth floor will be dedicated mainly to parents with small children, and the sixth floor will serve, among other things, schools and kindergartens and will be devoted to the history of Prague.

Rough construction work is completed on the building and craftsmen are working on the rental shops. There is also a passage with a so-called crystal sky and an escalator hall.

The department store on the corner of Spálená Street and Národní trída, designed by Miroslav Masák, John Eisler and Martin Rajniš from the Liberec studio SIAL, originally opened to customers on April 21, 1975. In 2006, the Ministry of Culture declared it a cultural monument.




Latest news


New leases

  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.
  • Sports Direct has leased 1,700 sqm in XOPark Sofia for its first Bulgarian store, in a deal brokered by CBRE.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • 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.


Latest news

News - Belgrade apartment sales hit €770 million in Q4 2025
24
Mar
2026

Belgrade apartment sales hit €770 million in Q4 2025

by Property Forum
Belgrade's apartment market recorded €768.5 million in sales during the fourth quarter of 2025, marking an 18% increase compared to €651.9 million in the same period the previous year, according to data from the Republic Geodetic Authority, analysed by real estate consultancy Cordon.
Read more >
News - Sarantis Polska opens new distribution centre in MLP Pruszków
24
Mar
2026

Sarantis Polska opens new distribution centre in MLP Pruszków

by Property Forum
MLP Group has handed over a warehouse facility to Sarantis Polska at the MLP Pruszków II logistics park. The new building spans over 24,000 sqm and serves as a distribution centre for domestic and international markets.
Read more >
News - Full speed ahead: Inside CTP’s drive to double its portfolio
24
Mar
2026

Full speed ahead: Inside CTP’s drive to double its portfolio

by Ákos Budai
CTP is pushing ahead with an ambitious growth strategy, targeting a near doubling of its portfolio by 2030 while expanding across CEE and beyond. In an interview with Property Forum, Rob Jones, Head of Investor Relations, explains how strong tenant demand, a vast land bank and a disciplined development approach continue to support one of Europe’s most active logistics platforms.
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