The European luxury retail market has been thriving, with 83 new luxury stores opening in 2024 across 20 key shopping streets in 16 cities and 12 countries, according to Cushman & Wakefield’s latest insights.

UBM Development Czechia has launched the sale of apartments in the new Rezidence Na Plzeňce project, which will be built close to Smíchov Railway Station in Prague. 

Czech companies Nordic Investors and PPF are planning to jointly invest in real estate by mutual acquisition of their stakes, reports seznamzpravy.cz.

The Czech communication group Knowlimits has moved to the office space in Karlín in Prague previously used as the Economia publishing house headquarters. 

Trinity Bank's real estate fund has purchased the Pankrác House office building in Prague from CPI Europe group, reports newstream.cz.

The qualified investor fund REALIA FUND SICAV has expanded its portfolio with another acquisition in northern Moravia.

More than €1 billion worth of commercial properties were already transacted in Q1 2025 in the Czech Republic, representing a 180% increase compared to the same period last year, according to Savills. 

Since the beginning of March, UDI Group has started demolishing industrial buildings on the Svitavské riverbank in Brno. In their place, the developer is planning to build the Urban Park residential project. 

VGP has achieved full occupancy in VGP Park Ústí nad Labem City by leasing the remaining 18,800 sqm of warehouse and operational space in halls B and C. 

Since early 2024, 7R has been advancing two projects in Czechia. Both developments have obtained full building permits, underscoring 7R’s commitment to expanding its footprint in the region. Now the developer has also appointed Štefan Bohoš as a new Leasing Manager to strengthen its presence in the Czech Republic.