News

New office palace will revive Hybernská Street

A new city palace with the ambition to turn Hybernská Street into a lively city boulevard and awaken it after many years of a dull atmosphere.

CPI Group to sell additional properties in the centre of Prague

CPI Property Group (CPIPG), the real estate company of Czech billionaire Radovan Vitek, will sell the historic insurance building in Spálená Street in the centre of Prague. The deal for almost CZK 1 billion is expected to be completed in the next few days, e15.cz reported.

Economia moves from Karlín to Holešovice

The media house Economia will move from Karlín to the premises of Port7, Skanska's latest project on the reconstructed Vltava embankment in Prague Holešovice.

Penta Real Estate sells Prague coworking centre Base4Work to Scott.Weber

Penta Real Estate is selling the fully occupied coworking centre "Base", which is part of the Churchill office complex in Prague 2, to Scott.Weber Workspace, a company continuing its expansion in the Prague flexible office market. Neither party would comment on the size of the deal, online daily newstream.cz reports.

Czech branch of Société Générale sells properties for more than €142 million

One of the largest Czech banks, Komerční banka, is selling one of its buildings at 42 Wenceslas Square. However, neither the price of the transaction nor the new owner has been disclosed yet. The transaction was first reported by the online daily newstream.cz.

Crestyl allowed to continue with construction. The new Savarin project will open next year.

Crestyl's Savarin project has been given the green light after more than a year. A new entrance to the metro will be built here, but the location of the Slavonic Epic is still uncertain.

Rohan island will be divided by big developers. Sekyra Group and J&T are buying land.

Amadeus Real Estate has a valid planning permission for a new district in the centre of Pilsen

Developer Ameside a.s. from the Prague-based Amadeus Real group has a final planning permission for a new urban district in the centre of Pilsen. It wants to build it for CZK 8 billion between 2025 and 2028 on the site of the former House of Culture, which was demolished 11 years ago. The company already had a zoning permit from the Pilsen building authority, but the Brno-based environmental association Děti Země (Children of the Earth) appealed against it. However, the regional department of regional development has now described the verdict of the building authority as legal and factually correct. This is evident from the official board of the regional authority, which posted the decision on 3 October. It will be on the official board for 15 days, after which the developer can apply for a building permit.

Roztyly Plaza is progressing to its final phase. The cladding is being completed, internal installations are underway, and adjustments to the surroundings are being made.

The new Roztyly Plaza office building, which is being built in Prague 11 right next to the Roztyly metro station, has entered the final phase of construction. Work is now underway on the completion of the external cladding and the extensive glazing of the skylight, which will provide daylight to the internal atrium. Inside the building, the installation of technological equipment is underway. The walkways around the building have been landscaped, rainwater catchment systems have been installed and the existing asphalt has been replaced with low-noise asphalt. New bus stops or, for example, the planting of a roof terrace with greenery are also planned. When completed early next year, the building will expand the market with 21,700 sqm of last generation offices, almost half of which are already leased, 1,600 sqm of retail units on the ground floor, with plans for a grocery, pharmacy or drugstore, all complemented by a modern canteen. The architectural design of the building was created by Aulík Fišer architekti, the investor of the entire project is Koncern Passerinvest.