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.




New leases

  • 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.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

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.

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