ARTICLES LABELLED WITH TAG CBRE

The Czech real estate market has exceeded expectations in 2024 and confirmed its position as an attractive European market. According to the latest CBRE Q4 2024 report, it has shown clear signs of recovery and is expected to strengthen further in 2025. The NEMO Fund focusing on long-term investments has taken advantage of these opportunities. 

CBRE has advised on the sale of the Hilton Prague for the Irish Bank Resolution Corporation, marking the largest single-asset hotel transaction ever recorded in CEE. Czech group PPF has purchased the asset.

Italian real estate group IGD has announced the sale of its Winmarkt Someș shopping center in Cluj-Napoca to a private Romanian investor for €8.3 million.

Companies in regional cities in the Czech Republic have been facing an increasing challenge in finding quality office space, reports the Regional Research Forum. H2 2024 data for Brno and Ostrava shows that a shortage of office space is thus creating pressure on the market and tenants.

Vacancy rate in the Prague office market decrease in Q4 2024 has been the largest since 2018, reports Prague Research Forum in its Office Market Figures for Q4 2024 and 2024. The report has also revealed the record annual take-up and the overall situation of the market. 

As commercial real estate evolves to meet sustainability goals, rooftop solar systems are becoming a key solution for property owners and tenants alike. With the increasing demand for energy efficiency and the push toward decarbonization, rooftop solar solutions offer significant environmental, economic, and strategic benefits for the real estate sector. The new report "Harnessing Your Rooftop: A Guide to Photovoltaic Projects in Commercial Buildings in CEE", released by CBRE and CMS, provides an analysis of the opportunities and challenges associated with rooftop solar installations across the CEE region.

Kálvin Square office building, managed by ConvergenCE, has achieved a near-record 99 percent lease occupancy.

Gránit Asset Management has completed the purchase of the historical Exchange Palace building in Budapest, from private investors, for an undisclosed sum.

CBRE has summarised this year's developments in the Czech commercial real estate market and provides an up-to-date outlook for 2025. The report highlights anticipated investment activity and the evolution of key segments for the upcoming year.

The Hilton hotel in Prague, in which former US President Barack Obama or his predecessors Bill Clinton and George W. Bush have stayed, is being sold by IBRC, the investment structure of the Irish bank NAMA, dealing with debt settlement, reports E15.cz. At the same time, the domestic business elite has been competing with multinational investment capital for the largest Czech hotel.