The share of renegotiations of lease contracts on the Czech office market is increasing, currently hovering at around 50% of all concluded transactions. A growing number of companies are preferably extending their existing lease rather than moving to new premises after their lease expiry, reports Colliers. 

ČEZ has chosen the Smíchov City project of Sekyra Group for its new headquarters. The developer has already started the construction. 

Linkcity Czech Republic is launching a new residential project called the 4 Domy Brandýs, in the Prague-East district. 

The GBCI Europe Circle conference was established to provide the LEED community in Europe with a space for professional and social exchange. The next edition is scheduled to take place in Prague from May 14-16 and Property Forum is proud to be joining the event as Media Partner. More about the event’s significance and program has been shared by Kay Killman, Managing Director of GBCI Europe, Vessela Valtcheva-McGee, Director Market Development EE and Simona Kalvoda, Executive Director of the Czech Green Building Council (CZGBC).

Czech facility management company M2C has announced its plan to enter the Prague Stock Exchange in order to expand its offering of shares, reports E15.cz.

Fio Investment Company has announced the purchase of another property to its Fio real estate fund portfolio. The fund has acquired the Stará Celnice office and retail building in the centre of Prague from German pension fund BVK Europa-Immobilien-Spezialfonds, represented in the transaction by Invesco Real Estate. 

Passerinvest Group has announced strategic investments worth over CZK 20 billion (€796 million) with an ambition to transform the Prague real estate market over the next 20 years. 

Crestpoint Capital Partners is expanding its partnership and expertise. The real estate professional Petr Houska, MRICS, has joined the company as a new Managing Partner. 

PSN is expanding its portfolio with new residential projects in Břevnov and Nusle in Prague offering modern living with a private sauna, fitness and investment opportunities.

The REICO NEMOVITOSTNÍ Fund is adding another project to its residential rental housing portfolio – Stodůlky Residential in Prague. The fund has reached an agreement with the FINEP development group to purchase it.