The residential construction in the Czech Republic has been facing a confusing permitting system, lengthy processes and frequent obstructions. The Czech Republic has long been one of the countries with the most complicated construction procedures in Europe, ranking, according to World Bank data (2020), 157th out of 190 countries monitored, reports the real estate office Philip & Frank.

NEMO Fund has acquired the Panorama Business Center office building, which is located next to the National Museum in Prague.

The first quarter of 2025 has been marked by extraordinary activity on the Czech commercial real estate market. According to Colliers, total investment volume reached €1.48 billion, already surpassing the full-year 2023 results of €1.15 billion. Several large transactions with a value above €100 million contributed to this record.

YIT has completed the base building construction of the tenth phase of Tampere, which is being built in the Suomi Hloubětín complex in Prague 9. The apartment building is offering 68 units and 5 commercial spaces. 

Over the past few decades, the structure of the Prague office market has evolved into twelve major office hubs, reports Savills in its Prague Office Hubs 2025. These areas form the City’s largest concentrations of high-quality office space.

CTP has transformed a former tire warehouse at CTPark Bor in the Czech Republic into a cutting-edge logistics centre. The newly refurbished 17,500 sqm facility has been prepared to serve a long-time partner, DB Schenker. 

After more than a year of debate, Prague councillors have allowed the sale of land around the Nádraží Holešovice metro station C, reports E15.cz. The Prague Public Transport Company (DPP) is to sell it to the Nové Holešovice company, a joint venture between DPP and developers Karlín Group and CPI Property Group. 

Skanska is redefining demolition with its “remolition” project. Mercury, the future development by Skanska in Prague’s Holešovice, is designed to minimise its carbon footprint throughout its lifecycle.

Realia Fund Sicav has expanded its portfolio with a newly built retail park in Šumperk in the Czech Republic. Owning currently 21 retail parks the fund has exceeded its portfolio to the value of CZK 2.8 billion (€112 million).

Gridarch (formerly Concens Investments), the BMW Group, the Statutory City of Ostrava and the Moravian-Silesian Region have laid the foundation stone of the BMW Group logistics centre this week.