Shopping centre in Prague faces troubles shortly after opening

08
Oct
2024
News - Shopping centre in Prague faces troubles shortly after opening #Amadeus Real Estate #Czech Republic #Prague #retail

by Property Forum | Retail

The owner of the Máj shopping centre on Národní Street in Prague, Amadeus Real Estate (ARE), closed the children's playground on the building's roof in August due to missing permission and is now also closing the indoor playground named Lvíčkov (Little Lion Land), reports E15.cz.


"The effort to revive the centre of Prague with activities for families with children, for which there was a public demand, turned out to be more difficult to achieve in reality," the operator explained on the social network. The Máj department store in Prague opened to the public on June 24, 2024, after roughly two years of renovation. SC Máj offers shops, entertainment centres, and a rooftop terrace on nine floors. During the reconstruction, the owner focused more on entertainment and attractions for various age groups. Now it proved as a step aside.

In mid-August, the owner of the recently renovated Máj department store in Prague had to remove a completely new outdoor children's playground from the building's roof, which was built there without a permit. Following the original building permit, an approved area for parking will be created on the roof instead. 

Even before the opening, two giant moving butterflies with a body imitating a spitfire fighter by the artist David Černý, which the owners had installed on the facade of the building, caused controversy. After the opening, the interiors of the entertainment centres on the upper floors of the department store received criticism from some architects and parts of the public.




Latest news


New leases

  • Palas Campus, Romania's largest office building, is set to host the new regional hub for BCR starting this autumn. The HQ will occupy a surface area of approximately 1,000 sqm and will serve clients from the local county and adjacent regions.
  • Teva Pharmaceuticals has relocated its offices to Budapest-based Corvin Skypark. The deal covering 653 sqm was brokered by iO Partners.
  • Nowy Styl, a European leader in office furniture solutions, has signed a lease extension at the Oxygen Park office complex. The tenant occupies approximately 550 sqm within the project.

New appointments

  • NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.
  • 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.


Latest news

News - Fiege expands 21,000 sqm across three Panattoni parks
02
Apr
2026

Fiege expands 21,000 sqm across three Panattoni parks

by Property Forum
Panattoni and Fiege are expanding their partnership in western Poland through new agreements covering lease extensions and expansions at three sites: Panattoni Park Goleńiów I, Panattoni Park Zielona Góra I and Panattoni Park Gorzów I. The total additional space leased by Fiege amounts to nearly 21,000 sqm.
Read more >
News - Optimism prevails in CEE real estate as geopolitical risk looms large
02
Apr
2026

Optimism prevails in CEE real estate as geopolitical risk looms large

by Property Forum
CEE's real estate market enters the second quarter of 2026 in a mood of measured confidence. According to Property Forum's survey of nearly 200 real estate professionals from across the region, the majority expect either stable but selective deal flow or a moderate recovery in transaction activity over the next 12 months. Regional CEE investors are seen as the primary engine of dealmaking, while foreign capital is expected to return only selectively. Residential and logistics assets lead on risk-adjusted appeal, and Poland remains the undisputed long-term growth leader. Yet beneath the cautious optimism, one concern towers above all others: geopolitical tensions, cited by nearly two-thirds of respondents as the greatest threat to the market.
Read more >
News - Property Forum appoints Irina Gasson as Chief Growth Officer to accelerate European expansion
02
Apr
2026

Property Forum appoints Irina Gasson as Chief Growth Officer to accelerate European expansion

by Property Forum
Property Forum, the leading media, events and business intelligence platform for the Central and Eastern European real estate industry, has appointed Irina Gasson as Chief Growth Officer.
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