ARTICLES LABELLED WITH TAG Prague

YIT has completed the base building construction of the tenth phase of Tampere, which is being built in the Suomi Hloubětín complex in Prague 9. The apartment building is offering 68 units and 5 commercial spaces. 

Skanska is redefining demolition with its “remolition” project. Mercury, the future development by Skanska in Prague’s Holešovice, is designed to minimise its carbon footprint throughout its lifecycle.

Penta Real Estate has completed and handed over a residential building with 54 apartments for long-term rental housing in the area of Waltrovka Pod Vidoulí in Prague. It has been built on a turnkey basis for the XPlace platform, which is operated by the Archbishopric of Prague. 

The Czech headquarters of the American Citi are soon moving to Nova Waltrovka in Prague. The bank will occupy new premises in the Metalica building from Penta Real Estate.

The demand for fully furnished apartments for rent in Prague has been growing for some time. The new trend is reflecting today's accelerating pace, expecting the market to accommodate.  

The intensive construction of warehouse and production facilities for lease across the Czech Republic continued into the first quarter of 2025, according to the analysis of demand and availability of modern industrial space by Savills. However, supply remains insufficient in certain key markets, particularly in Prague and Brno. 

Sekyra Group has purchased key land in the area of Prague's former Žižkov Freight Station from Czech Railways. The Prague City Council has approved a change to the zoning plan on Thursday, reports E15.cz.

The modern, developer-led warehouse stock in the Czech Republic reached 12.44 million sqm in the first quarter of 2025.  Approximately 134,900 sqm was delivered to the market within 6 industrial parks across the country, announced Industrial Research Forum in its Industrial Market Figures for Q1 2025.

The total volume of modern office space in Prague has increased to almost 4 million sqm at the end of 2024 with 72,800 sqm completed in the entire year of 2024. However, the situation is going to be even worse in 2025 and 2026, according to the Trend Report 2025 study published by the Association for Real Estate Development. 

The residential market in Prague continues to grow strongly. According to data from BuiltMind, over 2,100 newly built units were sold in the first quarter of 2025, almost 15% more than in the previous quarter.