Garbe has started construction of a new 55,000 sqm hall at Garbe Park Klášterec nad Ohří II, with global consumer goods company Reckitt becoming the anchor tenant. The British multinational has leased 35,000 sqm of industrial space under a ten-year agreement and will move in during the Q2 2026.

Blue Assets, the property manager of the largest commercial premises portfolio in the Czech Republic, is expanding into retail property management. The company will take over management of retail parks owned by the Fidurock real estate investment group.

The Czech Republic's industrial real estate market continues its recovery, with 130,800 sqm of new space completed in Q3 2025, bringing the total market size to almost 12.9 million sqm. This represents a 5% year-on-year increase, according to Colliers.

Fetters management, a Czech specialist in development and project management, has started the main construction phase of the residential project Panorama Braník in Prague. The multifunctional building with 14 above-ground floors contains 77 apartments and seven commercial units.

CTP has begun construction of a new 38,000 sqm building at CTPark Brno South, with ABB as the key tenant. The global electrical engineering company will occupy over 17,000 sqm for low-voltage switchgear production and a development centre, creating up to 60 new jobs initially.

CA Immo has sold to Conseq Group the 42,300 sqm office building Kavci Hori Office Park in Prague in line with book value as part of its strategic capital rotation programme to focus on modern office properties in core markets.

Only 26,300 sqm of new office space will be completed in Prague this year, the lowest figure in the past decade. Although construction activity has slowed significantly, the total volume of projects under construction remains strong at 244,200 sqm across 17 buildings at the end of the third quarter, according to data by Colliers Czech Republic.

Shopper Park Plus Nyrt has successfully closed its Secondary Public Offering on the Budapest Stock Exchange, raising more than €100 million in what marks the largest IPO/SPO the exchange has witnessed in 28 years. The transaction was oversubscribed due to strong investor demand.

Crestpoint Project Partners has launched a new project management and advisory platform to support developers, investors and construction companies across the real estate sector.

With the arrival of Black Week and its climax on Black Friday on 28 November, Czech retail enters its most intense period of the year. The week of discounts seamlessly transitions into Advent shopping, which traditionally brings the highest weekend footfall and sales of the year. CBRE, the global leader in commercial real estate services that manages dozens of shopping and retail centres across the Czech Republic and authors the regular Shopping Centre Index, confirms that the combination of November promotions and the pre-Christmas season fundamentally shapes the performance of brick-and-mortar retail and its connection with online channels.