London real estate group Savills has announced the acquisition of US investment bank Eastdil Secured for $1.1bn. This is one of the largest transactions in the industry's history - comparable to JLL's acquisition of HFF in 2019.
Last year, Demaco Group spun off its design and engineering capabilities into a separate entity - DMC Design & Engineering. The decision was made for a simple reason: the team's expertise has far outgrown the needs of the in-house department and opened the way to a wider range of clients and projects.
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?
American office buildings are selling at fractions of their former value — a Chicago tower that once fetched $68 million recently changed hands for just $4 million. MSCI recorded 204 distressed office sales last year totalling $5.2 billion. The numbers are striking, but the structure behind them matters more than the headlines.
Construction company Goldbeck has announced the arrival of Peter Koljadenko as Strategic Business Lead for the Czech Republic, Slovakia and Hungary. Koljadenko joins from Takenaka Europe, where he spent two decades in business development and most recently led the data centre division.
Prague Roztyly is undergoing a significant transformation. The Passerinvest Group has started construction of the new Sequoia office building - currently the largest office project being built in Prague for the open market. The building is a continuation of the already completed Roztyly Plaza, which won the Building of the Year 2024 award last year.
Penta Real Estate has obtained a building permit for the Hybe project - the conversion of the former Česká pošta building at 15 Hybernská Street into a modern office and retail building. The total investment will reach CZK 1.1 billion and completion is planned for the third quarter of 2028.
The Prague market for industrial and flexible commercial space is growing. Charnwood is completing the first phase of Malešice Business Park, which is due to be handed over to tenants in July this year - and is already 90% pre-leased. This speaks volumes about the demand for similar space in Prague.
Czech commercial property developers are facing increasing pressure. The cost of euro loans has skyrocketed due to geopolitical tensions in the Middle East - while crown loans have risen by around a fifth, euro loans are already almost a quarter more expensive. And it is in euros that the financing and sales of commercial development are largely denominated.
