The structure of real estate investments in the Czech Republic is changing, with Q1 2026 data confirming the growing importance of rental housing and hotel properties, according to a Knight Frank report.

Logistics company Kuehne+Nagel has taken over a completed industrial hall at Business Park Prague Airport II near the Central Bohemian village of Pavlov. The project was developed by Panattoni, with investment group Accolade as the investor.

Riverside International School has successfully acquired the Olympus Corporation HQ in Prague 6, marking a significant repurposing of prime administrative space into educational infrastructure.

Fetters management has been appointed to oversee the complete project management of Galerie Modřany, a mixed-use development that will replace the current Prior department store in Prague. The new centre will feature 8,700 sqm of retail and office space, extensive parking, 102 rental apartments and 109 apartments for sale.

Deutsche Pfandbriefbank (pbb) has jointly underwritten a €214 million investment facility to finance a portfolio of eight logistics properties located across the Czech Republic and Poland for EQT Real Estate. This financing was provided in partnership with Société Générale.

CPI Europe has completed the sale of a historic building at Na Příkopě 14 in Prague in a deal worth more than €100 million. The property has been owned by CPI Europe since 2006 and ranks among the most significant mixed-use office and retail properties in the historic centre of Prague with approximately 17,200 sqm of leasable space.

Sekyra Group has started the third phase of Smíchov City construction, Prague's largest urbanisation project since Vinohrady was built in the 19th century. The phase will consist of three residential blocks with approximately 800 apartments and an investment estimated at €200 million.

Prologis has expanded its presence in the Prague region through the acquisition of a modern warehouse building covering 17,455 sqm. The building is located in Rudná, 20 km from Prague city centre, and has been incorporated into Prologis Park Prague-Rudná.

The Czech Republic's modern industrial stock reached 13.59 million sqm in Q1 2026, according to the Industrial Research Forum. The quarter saw 307,000 sqm of new warehousing space delivered across 9 industrial parks, representing a 34% increase compared to the previous quarter and a 44% increase year-on-year.

Prague’s office market saw a significant injection of activity in Q1 2026, with the commencement of three major projects pushing the total volume of space under construction to nearly 313,000 sqm. According to the Prague Research Forum, this shift marks a notable transition in developer sentiment, moving away from a strictly pre-let model toward speculative development.