The INVESTIKA fund has returned to the domestic market with the acquisition of the Butovice Offices building in Prague 5, which houses the Czech headquarters of the Albert chain. The transaction fits into the fund’s broader strategy of gradually consolidating its portfolio in the Butovice area. What does the acquisition mean for the area, and how does Investika stack up against regional competitors?
Retail park construction in the Czech Republic is at an all-time high. Last year, 82,400 m² of new space was built, and another 90,000 m² is expected this year—and the segment already accounts for one-third of all modern Czech retail space, with a total area of 1.4 million m².
Passerinvest commissioned a comprehensive assessment of its two key Prague projects—Brumlovka and Nové Roztyly—in accordance with EU Taxonomy standards, in collaboration with the consulting firm EY. The result: 92% compliance with climate criteria. The remaining 8% consists of a single building that is included in the renovation plan.
The Austrian developer UBM has definitively abandoned hotel and office projects in Prague and is focusing exclusively on residential construction. This decision is driven not only by market preferences but also by a chronic shortage of construction workers and rising construction costs. The solution UBM is pursuing could even change the way construction is carried out in Prague.
The Upvest investment group, together with the RSJ financial group, has established the CCM SICAV II fund, which is intended to increase their stake in the Černý Most shopping center (recently renamed Westfield Černý Most). This is a structure that is not commonly seen on the Czech market on this scale. How does it work, and what does it offer investors who want to invest in a large real estate asset without having millions in their checking account?
CTP has begun construction of a new facility at CTPark Brno South, where ABB will lease over 17,000 m² to expand its production of low-voltage switchgear. The project illustrates a trend that is becoming increasingly prevalent in industrial parks—high-quality office facilities as a tool for retaining and attracting employees.
Land prices in Prague have tripled since 2014, and the supply of new apartments cannot keep up with demand. Developer GARTAL is responding to this in the City Lofts project with a simple solution—instead of a larger apartment, it offers a more efficient two-story layout. What does such an apartment look like, and what does it say about the direction the Prague residential market is heading?
On average, 40% of office space remains unused on workdays, and global office occupancy hovers around 54%. In response to these figures, the consulting firm iO Partners has launched iO4Workplace—a proprietary diagnostic tool that uses five questions and three decades of data on the work environment to determine exactly how many square meters a company actually needs. The results are available immediately, including a breakdown of the cost implications of each option.
The Prague modern office market entered 2026 in a structurally tight position. Vacancy rates have fallen year-on-year, deliveries of new space will be well below the long-term average this year, and more than half of demand is accounted for by renegotiations of existing contracts. What does this mean for companies that have, are looking for, or are leasing office space?
