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). 

PSN has started the complete reconstruction of an apartment building in Prague 3 in Žižkov, where a total of 54 units will be created. 

The Brno residential real estate market has had a hot summer. Q3 has brought further growth and record sales. The episode of economic uncertainty is ending, reports Trikaya in its Q3 2024 analysis of the residential market in Brno.

The Czech Republic is on the cusp of a major transformation of its transport infrastructure having far-reaching consequences for the industrial and logistics real estate market across the Central European region, reports Colliers in its recent study.

Investments in funds in the Czech Republic are experiencing a sharp increase. According to data from the Association for the Capital Market (AKAT), the volume of assets in collective investment funds has increased by CZK 46 billion (€1.82 billion) in Q2 2024 alone. 

Concens Investments has purchased from the City of Ostrava a 513,000 sqm plot in the strategic development zone in Ostrava Mošnov through its company OAMP Holding. 

Marjan Gigov has joined Cushman & Wakefield as an Associate and Specialist for Leasing Premium and Luxury Retail Spaces in the Czech Republic and CE region. In this role, he is going to be primarily responsible for leasing spaces and projects on Prime High Streets.

By reconstructing the office building in Prague's Brumlovka, together with the optimisation of technology operation, Passerinvest Group reduced the building's energy demand by more than 50%. It included a complete renovation of the facade and roofs. At the same time, all technologies ensuring a quality indoor environment were also modernised.

CTP has announced the expansion of the premises for CIE Automotive at CTPark Hranice located in Moravia with direct access to motorways leading to Olomouc, Ostrava and Poland.