The Brno residential real estate market has had a hot summer. Q3 has brought further growth and record sales. The episode of economic uncertainty is ending, reports Trikaya in its Q3 2024 analysis of the residential market in Brno.
The Trikaya real estate group has completed the modernisation of the Řepy Shopping Center in Prague and sold the entire project to the investment fund Pragorent.
The average offer price of new residential projects in Brno has exceeded CZK 129,400 per sqm (€5,093) and Q2 2024 has broken the previous record from 2022. Demand has also grown sharply, as data by Trikaya shows.
In Q1 2024, 246 resi units in Brno have found their buyers. This is a 100% increase compared to the previous year's average, according to data by Trikaya.
Warsaw Court of Appeal has signed a long-term lease agreement for office space at Wola Center in Warsaw. The Court has leased 2,000 square meters in the building owned by Hines.
Four lease agreements have been signed for a total leasable area of approximately 16,000 sqm in MDC2 Park Kraków South: with Emerald clothing distributor (4150 sqm); the French publishing company Iris Galerie (4,100 sqm); AiK Tezeusz, the book re-commerce market player (3,500 sqm); and Libris, a company that manages the paper and electronic records of companies (4,100 sqm).
The law firm T. Studnicki, K. Płeszka, Z. Ćwiąkalski, J. Górski sp. k. (SPCG) has joined the tenants of the Infinity office building, leasing over 350 sqm of office space. The opening of the new branch office of SPCG in the Wrocław-based office building at Legnicka 16 is scheduled for August 2025.
New appointments
Karol Klin joined the Cornerstone Investment Management team at the beginning of 2025, taking on the role of Commercial Director, Real Estate.
Sebastian Barandziak has been appointed as the new President of the Management Board of Euro Styl, a subsidiary of Dom Development Group. The existing board members, Magdalena Reńska and Jarosław Górski, have been appointed as vice presidents.
AG Capital has appointed Ivaylo Vatev as CFO. He has previously worked in management roles for Aurubis Germany and PwC.
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