ARTICLES LABELLED WITH TAG Prague

Investment activity in the Czech commercial real estate market is now primarily driven by domestic capital, while in the long-term trend, local capital accounted for one third of the total investment volume. Over the past three years, however, the balance has shifted this year, and Czech investors represent 80% of all transactions completed to date, according to a Savills analysis.

Crestyl has begun construction of the Kappa residential building at Prague's Hagibor development, located near Želivského metro station. The fifth residential building in the project is scheduled for completion by the end of 2027, with Metrostav DIZ serving as the general contractor.

The Vinohradská 8 project, jointly prepared by Penta Real Estate and PSN, has received a zoning permit. Just a few steps from Wenceslas Square in Prague, a mixed-use development is designed, including housing, office space, and new shops and restaurants.

The new residential project Semerínka, developed by Crestyl, has been successfully approved for use several months earlier than planned.

Amundi has sold the mixed-use space Forum Karlín and the Prague Ibis hotel to Patria, a part of ČSOB, reports seznamzpravy.cz.

Caspyan Fund has launched the sale of residential units in the Konstanta Karlín project in Prague. The fund has been built on more than a decade of experience of its management in the real estate sector.

Finding a vacant space in the highest-quality office buildings in central Prague has proven to be a mission impossible. According to Savills’ analysis, vacancy in AAA properties has consistently remained at zero.

The Idea Office Building in the Smíchov quarter of Prague, part of the NEMO real estate fund, has undergone a significant transformation, welcoming new commercial and diplomatic tenants.

Czech lucrative properties such as hotels, offices, and shopping centres are now heading into the hands of domestic investors. On the other side, foreign investors are gradually leaving the market, reports seznamzpravy.cz.

Ikonix, a newcomer to the Czech development and energy market, has presented an ambitious plan to become one of the most important players in the domestic market.