ARTICLES LABELLED WITH TAG Czech Republic

After a record-breaking year in 2023, when nearly 2.96 million sqm of industrial space had been in demand, the Czech industrial market has experienced a significant slowdown over the last year. Nevertheless, the first months of 2025 are suggesting a possible recovery, reports Cusman & Wakefield.

PSN is launching the sale of the Jitro residential project in Prague's Vršovice. The project is designed to offer 144 units, as well as 35 townhouses with private entrances and green roofs. 

According to Savills' global network research, almost 90% of respondents are anticipating an increase in daily office attendance requirements from companies this year. One of the main drivers of this change is Generation Z.

A recent panel discussion at Prague Property Forum 2025 brought together industry leaders to explore the evolving landscape of investment across different asset classes, with a particular focus on retail, office, and industrial properties. Moderated by Josef Malíř from Star Capital Finance, the conversation revealed nuanced perspectives on investment strategies, sustainability, and market challenges.

The industrial real estate market in CEE has entered 2025 with strong momentum. According to new market data released by iO Partners, the total stock of industrial space has reached 34.4 million sqm in Q1 2025, marking a 1.1% quarter-on-quarter increase. 

Geosan Development has announced the promotion of Radoslav Rachač to the position of Director and CEO. He is moving to the new position from the previous role of Economic Director and Managing Director, which he has held in the company since 2014.

BHM group has completed the sale of its ten Polish retail parks to Czech investment company Reticulum, whose real estate and development group MY Park has been currently owning, co-owning, and managing shopping centres in the Czech Republic and Slovakia.

Arete has completed the sale of its logistics complex, Arete Park Rokycany II, to the Reico Long Lease fund managed by Reico investiční společnost Erste Asset Management.

After several years of financially demanding renovation, the five-star Fairmont Golden Prague hotel, formerly InterContinental, has opened, reports newstream.cz.

The sale of Prague’s Palladium is entering the final stages. According to two independent sources, the first bids have been submitted lately, reports Seznamzpravy.cz. And three finalists have emerged from them.