The European luxury retail market has been thriving, with 83 new luxury stores opening in 2024 across 20 key shopping streets in 16 cities and 12 countries, according to Cushman & Wakefield’s latest insights.

UBM Development Czechia has launched the sale of apartments in the new Rezidence Na Plzeňce project, which will be built close to Smíchov Railway Station in Prague. 

The Czech communication group Knowlimits has moved to the office space in Karlín in Prague previously used as the Economia publishing house headquarters. 

Since early 2024, 7R has been advancing two projects in Czechia. Both developments have obtained full building permits, underscoring 7R’s commitment to expanding its footprint in the region. Now the developer has also appointed Štefan Bohoš as a new Leasing Manager to strengthen its presence in the Czech Republic.

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. 

Tomáš Jandík, CFA, MRICS, former CEO of the Czech real estate fund for retail investors, has founded a private equity real estate advisory and investment management company, the Crestpoint Capital Partners.

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

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. 

YIT has announced its record sales in 2024, selling 416 units in connection with the gradual market recovery, representing a more than double increase compared to 2023 with 198 apartments. 

Passerinvest is proceeding with constructing the Hila project in Prague's Brumlovka according to the set schedule. Since the beginning of 2025, the concreting of the foundation slab has been completed and the construction of the basement parts of the building is now underway.