Penta Real Estate has completed and handed over a residential building with 54 apartments for long-term rental housing in the area of Waltrovka Pod Vidoulí in Prague. It has been built on a turnkey basis for the XPlace platform, which is operated by the Archbishopric of Prague. 

The Czech headquarters of the American Citi are soon moving to Nova Waltrovka in Prague. The bank will occupy new premises in the Metalica building from Penta Real Estate.

The demand for fully furnished apartments for rent in Prague has been growing for some time. The new trend is reflecting today's accelerating pace, expecting the market to accommodate.  

The European Bank for Reconstruction and Development (EBRD) has cut its 2025 growth forecast for its regions by 0.2 percentage points to 3.0%, with a moderate rebound to 3.4% expected in 2026. This follows a similar downgrade in February and reflects mounting global headwinds, including rising trade policy uncertainty, softening external demand, and newly imposed tariffs.

The strong demand for apartments in new buildings in the Moravian metropolis is not slowing down, according to the latest analysis by Trikaya. In the first quarter of 2025, developers in Brno have sold 479 new apartments, the most since Q2 2021. 

The intensive construction of warehouse and production facilities for lease across the Czech Republic continued into the first quarter of 2025, according to the analysis of demand and availability of modern industrial space by Savills. However, supply remains insufficient in certain key markets, particularly in Prague and Brno. 

The European Commission’s recent pause on reporting obligations for the Corporate Sustainability Reporting Directive (CSRD) is consequential for real estate investors’ Sustainable Finance Disclosure Regulation (SFDR) compliance. Without the CSRD requirement, funders’ ability to collect asset data for SFDR disclosure becomes more difficult. Yet because real estate developers and portfolio managers have a profit-driven imperative to measure and maximise operational efficiencies, they are well positioned to meet investors’ data requirements. Particularly to secure financing for “dark green” or “light green” retail funds, as defined by the SFDR, real estate firms must continue complying with financer mandates. Jaroslav (Jaro) Mida of MINT group discusses why operating measurably high-efficiency real estate is the pragmatic choice for funders, developers and the environment in an article prepared for Property Forum by Lisa Chase (Lucky Fish Research & Communications).

Prime rents on Europe’s leading shopping streets, in shopping centres, and retail parks have increased on average during 2024. Leisure concept operators have been the most active segment, occupying 20% more floor space year-on-year, according to a study by Cushman & Wakefield. 

PSN has announced the launch of the sale of the first phase of the Brno Jedna residential project near the very centre of Brno. The first two buildings – Neon and Xenon – will offer a total of 188 units.

UDI Group has sold Sázava Logistics Park to the British group SEGRO European Logistics Partnership. The park has more than 46,000 sqm of space in four fully leased halls.