ARTICLES LABELLED WITH TAG Czech Republic

Penta Real Estate and Komerční Banka have agreed on financing the construction of the residential project Mocca Residence. The credit is corresponding to the costs to be invested in the project by Penta. 

Passerinvest has been optimising the management and operation of its buildings, this time focusing on waste management. Since October last year, the company has introduced changes in the organisation of waste collection. This step aims to increase the efficiency of waste management, minimise the traffic burden and ensure accurate data for recording the total amount of waste. 

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. 

The foundation stone of the second stage of the SO-HO Rezidence by Cresco has been laid in Prague's Holešovice.

Česká Spořitelna has already revealed its plans to move its headquarters within a few years. Its new campus is being built in Smíchov, Prague. With this planned change, which should take place around 2028, the bank is planning to completely abandon its existing buildings near the Budějovická and Roztyly metro stations. The bank has already put its old buildings on the market, reports e15.cz.

Penta Real Estate and the XPlace platform owned by the Archdiocese of Prague, have decided to continue their cooperation in developing rental housing. XPlace has agreed to acquire two apartment buildings with 62 residential units in the Nová Waltrovka in Prague 5. 

The city of Prague has received a building permit for the revitalisation of the Smíchov transport hub, including an interchange for city and intercity buses or trams, in addition to the modernised railway station and metro station, reports E15.cz.

The modern, developer-led warehouse stock in the Czech Republic has reached almost 12.3 million sqm in the fourth quarter of 2024. Approximately 106,700 sqm have been delivered to the market within 4 industrial parks across the country representing a 63% decrease compared to the same period last year and a decrease of 35% quarter-on-quarter, announces Industrial Research Forum in its Industrial Market Figures for Q4 2024.

The demand for new residential buildings in Prague is still very high. In Q4 2024 1,836 apartments in new buildings have been publicly sold, approaching the record values during the Covid-19 pandemic, reports BuiltMind in its quarterly market monitor.

Vacancy rate in the Prague office market decrease in Q4 2024 has been the largest since 2018, reports Prague Research Forum in its Office Market Figures for Q4 2024 and 2024. The report has also revealed the record annual take-up and the overall situation of the market.