According to the report by Savills and Statista (statista.com), the European AI market is expected to reach €76.5 billion this year, up by 25.9% compared to 2023. The annual growth rate is expected to be 15.9% until 2030. These numbers confirm that artificial intelligence is gaining traction across industrial sectors, and data centres will be no exception. 

The Victoria Palace building on Vítězné Square in Prague has received valid building use approval. The project developed by Penta Real Estate and Kaprain has been designed with 92 high-end apartments and retail units on the ground floor. 

Construction management in the Czech Republic is entering a new, digital era. The long-awaited change has not been easy. Having not enough time to get acquainted with the new regulations and digital systems, both sides, building authorities and builders are struggling, reports E15.cz.

The Industrial parks investor Accolade has issued green bonds in the Czech currency. The planned issue of CZK 1.5 billion (€120 million) has been sold out within a week.

Danube House is a landmark office building in Riverside Karlin, anchored by international occupiers from tech, start-up, legal, and banking industries. After 20 years of operation, it is now undergoing comprehensive refurbishment.

A new hall within Arete Park Zdice has been completed and handed over to its tenant, the Czech branch of the logistics service provider Kuehne+Nagel. After the opening of the new building, the total leasable standing area of the park in Zdice has increased by more than 41% to 24,808 sqm.

Residential builder Central Group has just completed the largest transaction on the housing market this year. It is buying more than five hectares of land near the Invalidovna metro station in Karlín in Prague 8, including the existing Čechia Hotel. 

The YIT company has sold the Rivi Bachova project in the Praha-Chodov district to the Rivi Construction Cooperative. The interest in cooperative housing is increasing given the situation in the Czech mortgage market.

RSJ Investment Group has announced the completion of the sale of a modern industrial hall near Chomutov with a leasable area of almost 40,000 sqm. The company Jungheinrich has been manufacturing forklift trucks since mid-2023. Patria Investment Company, a part of the ČSOB group, has become the new owner.

The Czech office of Drees & Sommer is expanding its management team. Markus Ising has been promoted to Managing Director with a focus on clients from the DACH region.