Companies in regional cities in the Czech Republic have been facing an increasing challenge in finding quality office space, reports the Regional Research Forum. H2 2024 data for Brno and Ostrava shows that a shortage of office space is thus creating pressure on the market and tenants.

The investment group YD Capital and the fund of the international investment company Albatris have joined forces within the framework of the Slavkov Cihelna project in Slavkov near Brno. 

PSN is starting the transformation of the Brno One brownfield in Plynárenská Street this year. In the course of the following years, it is going to turn into a modern urban district combining housing, spaces for work and leisure activities.

Brno has acquired a document essential for the city's development. The new city master plan, which has been in preparation for more than 20 years, has come into force, reports newstream.cz.

The Czech office market is facing historically low supply, especially in premium locations where new office construction has slowed down significantly. CTP is responding to these needs through its Clubco network of coworking centres. 

YIT has decided to continue in cooperation with the RSJ investment group. After the completed Vesi Hostivař project in Prague 15 and the planned residential construction in Brno, the two companies are joining forces for the realization of the Toivo Roztyly project in Prague 11.

Czech Inn Hotels has headed outside the capital. It is buying the Barceló Brno Palace Hotel in the Moravian metropolis with a price tag climbing to CZK 1 billion (€39.5 million), reports Seznamzpravy.cz.

Crestyl has fully launched its new Dornych project in the neighbourhood of Brno's main railway station, offering a clinic, hotel, coworking and dozens of restaurants, bars and cafes. At the end of October, the old shopping centre has been closed and is now being cleaned out and is awaiting gradual demolition.

For the first time, YIT is expanding its development activities outside Prague and is preparing its first residential project in Brno. A growing demand for quality housing in the city is offering interesting potential for construction. 

GARBE Industrial Real Estate CEE has received a building permit for two industrial premises in Pohořelice, 30 km south of Brno. The construction of the two halls is starting almost immediately and to be available for the tenants within eight months.