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

  • 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.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.
  • International flexible office operator SwitchUp has launched its expansion into the Polish market, securing a lease agreement for 2,100 sqm of space at the AFI Office House in Warsaw. The transaction represents the company’s debut contract in Poland, positioning the operator within the first office building of the city’s upcoming Towarowa22 regeneration development. Savills acted as the deal broker.

New appointments

  • 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.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


Latest news

News - Indotek Group takes full ownership of Auchan Hungary
26
Jun
2026

Indotek Group takes full ownership of Auchan Hungary

by Property Forum
Indotek Group has announced that it acquired the remaining 53% stake in Auchan Magyarország Kft. from Auchan Retail International (ARI), becoming the sole owner of the company that operates the retail chain and holds its properties.
Read more >
News - Czech fund Aurelia snaps up two Prague office buildings
26
Jun
2026

Czech fund Aurelia snaps up two Prague office buildings

by Property Forum
Czech fund Aurelia has acquired office buildings Trimaran and City Element, in Prague, from PIMCO Prime Real Estate, for an undisclosed sum.
Read more >
News - Adaptive building reuse emerges as key property market trend
26
Jun
2026

Adaptive building reuse emerges as key property market trend

by Ovidiu Nicolae
Nicolae Ciobanu, Managing Partner - Head of Advisory at Fortim Trusted Advisors, talked to Property Forum about the resilience of the Romanian real estate market. He highlighted that domestic capital now provides a vital stabilisation anchor, representing over a third of the investment volume while international players add essential liquidity.
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