ARTICLES LABELLED WITH TAG Prague

The Prague Research Forum – CBRE, Colliers, Cushman & Wakefield, iO Partners, Knight Frank and Savills – has shared an updated Prague office market insight. Figures and data for Q4 2023 have confirmed a cautious approach both from developers and tenants.

Trade unions are offering the Art Deco Imperial Hotel in the centre of Prague for sale, for which they are asking at least CZK 2,15 billion (€86,6 million), HN.cz reports. Offers are accepted until 15th April 2024.

Developer YIT has launched the construction and sale of the new Sija Kamýk project in Prague 12. The development of the project is revitalizing the former brownfield used as a building site and later as office buildings in the Praha-Kamýk district.

Zdeněk Hausvater, Director of Asset Management at AEW Europe, has confirmed that the shopping gallery Mylsbek in Prague is for sale, Hospodářské noviny reports.

The Office for the Protection of Economic Competition (ÚOHS) has authorized the Czech real estate fund Trigea from the Partners group to buy the owner of the Prague shopping centre Arkády Pankrác, e15.cz reports.

The second stage of Skanska's project Modřanský cukrovar (Modřanský sugar factory) in Prague is offering 126 apartments in four sections. Currently, 35% of the apartments in the second stage have been sold, reports Newstream.cz.  

After CPI Property Group disposed of part of its stake in the Austrian real estate company Immofinanz at the end of December last year, it is now about to sign another deal, e15 reports.

A record number of new brands entered the Czech retail market last year. In the past ten years, since Cushman & Wakefield has been closely monitoring this activity, none equalled the 2023 list of 39 new retail brands.

The owner of the Arkády Pankrác shopping centre in Prague, Atrium Pankrác, is being bought by the Czech real estate fund Trigea from the Partners group. The transaction is now being assessed by the Office for the Protection of Economic Competition (ÚOHS), e15.cz reports.

The reconstruction of the Masaryk railway station in Prague will be done for the Railway Administration (SŽ) for approximately CZK 3.39 billion (€138.5 million) by Strabag Rail and Strabag, which were successful in the tender. ČTK was informed about this by SŽ spokeswoman Nela Eberl Friebová. During the reconstruction, a platform will be built above the track, a better connection with Florence will be created and trains will be able to run on nine tracks instead of the current seven. SŽ also plans to reconstruct the Smíchov and Main Railway Stations in Prague, writes ČTK.