Fetters management has been appointed to oversee the complete project management of Galerie Modřany, a mixed-use development that will replace the current Prior department store in Prague. The new centre will feature 8,700 sqm of retail and office space, extensive parking, 102 rental apartments and 109 apartments for sale.

CPI Europe has completed the sale of a historic building at Na Příkopě 14 in Prague in a deal worth more than €100 million. The property has been owned by CPI Europe since 2006 and ranks among the most significant mixed-use office and retail properties in the historic centre of Prague with approximately 17,200 sqm of leasable space.

Sekyra Group has started the third phase of Smíchov City construction, Prague's largest urbanisation project since Vinohrady was built in the 19th century. The phase will consist of three residential blocks with approximately 800 apartments and an investment estimated at €200 million.

Prologis has expanded its presence in the Prague region through the acquisition of a modern warehouse building covering 17,455 sqm. The building is located in Rudná, 20 km from Prague city centre, and has been incorporated into Prologis Park Prague-Rudná.

Prague’s office market saw a significant injection of activity in Q1 2026, with the commencement of three major projects pushing the total volume of space under construction to nearly 313,000 sqm. According to the Prague Research Forum, this shift marks a notable transition in developer sentiment, moving away from a strictly pre-let model toward speculative development.

Housing prices in Central Europe have risen dramatically over the past six years, according a report by Cushman & Wakefield, based on data from Builtmind, comparing Bratislava, Prague, Warsaw and Budapest

JSK Investments, Notino Limited and other partners have completed the sale of a full stake in Lusima AD Property, which owns development land on Spojovací Street in Prague's wider city center.

In 2025, indicative demand for industrial and logistics space in the Czech Republic almost matched the volume of lease agreements actually signed for the first time in several years, according to Cushman & Wakefield.

Developer PSN will begin renovating the former intercity telephone exchange on Fibichova street in Prague 3 this summer. The monumental 1926 building will undergo conversion into premium rental housing, with completion planned for autumn 2028.

Penta Real Estate and PSN have received a building permit for the Vinohradská 8 mixed-use project in Prague that will feature apartments, boutique offices and an active ground floor with shops and restaurants.