ARTICLES LABELLED WITH TAG Czech Republic

The Prague Development Company (PDS) has submitted a regular market valuation of its real estate portfolio in Prague of 757,000 sqm of urban land intended primarily for residential construction. 

According to Savills European Office Occupancy Rates Report, Prague has, for the first time since the pandemic, surpassed the 60% threshold for physical office occupancy, reaching 61% in October this year.

This year the Polish investment market has been dominated by two strong foreign players, coming from the UK and the Czech Republic. Investors from the latter country are increasingly and more generously placing capital in the Polish property market. The growth over the last two years has been impressive, comments Szymon Mojzesowicz, a Polish real estate market expert.

PSN has received the building use permit for the Ahoj Vanguard residential project in Prague's Modřany. The last units are currently available for purchase. The new owners are moving in at the beginning of 2025.

The investment group Českomoravská Nemovitostní (ČMN) has announced the appointment of Iveta Valentová as the new Head of Property. Iveta is bringing to ČMN experience and knowledge in real estate management acquired during her 11 years at CBRE.

GARBE Industrial Real Estate CEE has received a building permit for two industrial premises in Pohořelice, 30 km south of Brno. The construction of the two halls is starting almost immediately and to be available for the tenants within eight months.

A noisy office environment is affecting the well-being and productivity of employees. 63% of them have reported concentrating troubles due to noise in the workplace, according to a current study by Jabra.

The modern, developer-led warehouse stock in the Czech Republic reached almost 12.2 million sqm in the third quarter of 2024. Approximately 163,500 sqm were delivered to the market within 9 industrial parks across the country. This represents an 11% decrease compared to the same period last year and an increase of 64% quarter-on-quarter, reports Industrial Research Forum in its Industrial Market Figures for Q3 2024.

Despite a slight increase in vacancy, demand for new offices in Prague persists. However, companies still prefer renegotiations. Lease renewals are almost always accompanied by interior modifications leading to more efficient use of space, reports Prague Research Forum in its Office Market Figures for Q3 2024.

UDI Group is launching its next residential project Zvezdano Brdo (Starry Hill) in the capital of Serbia, Belgrade. Serbia is the largest foreign market for the Czech UDI Group. It is building or preparing four projects here, including the entire new Duga district for CZK 14 billion (€555 million).