ARTICLES LABELLED WITH TAG Prague

The gap between offer and final prices is narrowing in the Czech Republic and is helping transaction activity for the rest of 2024, according to the regular quarterly office market survey published by Colliers. 

Crestyl has completed two residential houses in its Prague development district Hagibor. The Gamma building with 138 apartments for sale and the Delta building with 168 apartments for rent have passed the building use approval in July.

Savills is moving its headquarters to new office space within the Masaryčka project in the centre of Prague. An additional 50% floor space is giving the Savills the foundation to expand its headcount towards 100 employees over the next phase of the business.

Prague's office market has grown by 4 new buildings in Q2 2024, offering nearly 44,000 sqm of modern class A office space, reports Colliers in its regular quarterly office property market survey. A large part of these properties has found tenants before completion.

The first stage of the Kolbenova Park residential project in Vysočany in Prague has been completed and approved for use, as the design and construction consulting office Obermeyer Helika has announced. The project consisting of six buildings is gradually executed in several phases. The developer is CPI Property Group.

UBM Development Czechia has completed 3 apartment buildings in the Arcus City residential complex on the border of the Stodůlky and Řeporyje districts of Prague. Of the 66 apartments in the second stage, half of the units are currently available for purchase. 

The Q2 2024 residential market report in Prague has shown growing appetite by buyers. Real estate is the largest asset class in the world, yet real estate decisions are often made intuitively rather than based on the data, declares Martin Decký, Harvard Alum and Co-Founder & CEO at BuiltMind. Property Forum has taken a closer look with him on the outlooks of the Prague resi market for the upcoming months.

As of August 1, 2024, the Property Management Department at Savills has been further strengthened. Petra Gavendová has joined the department as Business Development Lead. 

Savills has successfully facilitated the disposal of Green Park, Letňany, in Prague 18. The Creditas Nemovitostní I fund has acquired the property.

The Trikaya real estate group has completed the modernisation of the Řepy Shopping Center in Prague and sold the entire project to the investment fund Pragorent.