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

Bucharest has seen a 12% increase in average office fit-out costs in 2024, surpassing €1,000 per sqm, but this level is still among the lowest in capital cities across CEE, according to Cushman & Wakefield Echinox research.

The Cimex investment group has been focusing on hotel, office and residential projects. The company is responding to Prague's market changes and new trends by transforming older office buildings into modern housing. 

The Czech real estate market has exceeded expectations in 2024 and confirmed its position as an attractive European market. According to the latest CBRE Q4 2024 report, it has shown clear signs of recovery and is expected to strengthen further in 2025. The NEMO Fund focusing on long-term investments has taken advantage of these opportunities. 

CPI Europe has announced the sale of several properties in Vienna and Prague as part of a strategic portfolio optimization initiative.

IWG has opened a new Regus centre in Szentendre, in the suburbs of Budapest, as part of its ongoing expansion in Hungary. 

157 studios from 33 countries in Europe, America and Asia have applied to the competition for the revitalisation of a brownfield and the construction of new city blocks in Prague's Florenc. An international jury led by renowned German architect Stefan Behnisch has selected the advancing teams of four concurrent architectural competitions. 

CPI Romania has announced the renewal of lease agreements with Deloitte Romania and WPP at The Mark office building in Bucharest, totaling over 12,000 sqm of office space.

Companies in IT, manufacturing, industry, and the medical and pharmaceutical sectors were the most active in Romania's office rental market over the past five years, generating over half of the demand for new space.

CA Immo has successfully completed the sale of the Bitwy Warszawskiej office building in Warsaw. The buyer is Polski Związek Pilki Nożnej (Polish Footbal Association).