Českomoravská Nemovitostní (ČMN) has completed the acquisition of the Churchill Square office complex in Prague near the Main Railway Station. It has bought the remaining 25% stake from the investment group Corporate Finance House Group.

7R and EQT Exeter are jointly developing a two-building 56,000 sqm logistics scheme located along the D8 Motorway servicing Greater Prague.

The total investment volume in the Czech Republic for the first three quarters of 2024 has exceeded the €1 billion threshold, reveals a regular quarterly survey published by Colliers. Approximately half of the properties bought and sold in 2024 are located outside Prague. 

In this year’s 34th edition of the Cushman & Wakefield Main Streets Across the World ranking, the Czech Republic, represented by Pařížská Street, secured 20th place. For the first time, a European street, Via Montenapoleone in Milan, claimed the title of the world’s most expensive shopping street, surpassing the American Upper 5th Avenue in New York. The most expensive street in Asia is Tsim Sha Tsui in Hong Kong.

S Immo, belonging to CPI Property Group, has sold the heritage-protected Juliš Hotel on Prague's Wenceslas Square, reports Hospodarske Noviny.

Czech Inn Hotels has bought the Prague Wellness Hotel Step, the company founder Jaroslav Svoboda has confirmed for Seznamzpravy.cz.

CBRE is celebrating 25 years on the Czech market with a review of how the commercial real estate market has changed over the past quarter of a century and where it is heading next. 

The transformation of Prague's Florenc quarter is progressing to the next phase. Penta Real Estate, in cooperation with the capital city of Prague and the city districts of Prague 1 and Prague 8, has announced four international architectural competitions for four blocks in the area between the highway and the Prague-Florenc bus station.

The Amadeus Real Estate Group is preparing to sell the Máj department store in the centre of Prague to Realita fund, managed by the investment company Atris, reports Seznamzpravy.cz.

For the first time in almost thirty years of Czech development group Crestyl, the person in the position of international CEO is changing. Simon Johnson, who has held the position of COO of the group for the past 14 years within Crestyl and also acted as executive director for the Czech Republic, is taking over the management of the entire group.