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Kasárna Karlín is set for a nearly CZK 2 billion renovation. Some of the space could also be used as offices

Kasárna Karlín is set for a nearly CZK 2 billion renovation. Some of the space could also be used as offices

Prague is preparing to renovate the Kasárna Karlín building, with the renovation expected to cost approximately CZK 1.9 billion including VAT. The investment will be financed by the city through its municipal company Trade Centre Praha (TCP), which manages the property. On Monday, Prague councillors approved the launch of a tender for the preparation of design documentation, which is expected to cost approximately CZK 120 million.

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108 REAL ESTATE Has a New Business Development Director for Central and Eastern Europe—André Kerremans Takes the Helm
108 News

108 REAL ESTATE Has a New Business Development Director for Central and Eastern Europe—André Kerremans Takes the Helm

André Kerremans has been appointed the new Business Development Director of the 108 REAL ESTATE Group for Central and Eastern Europe. He assumed the position in recent days and has been collaborating with the group’s branches in all five countries of the region from the very start. His mandate rests on two equally important pillars: regional business development and CEE coordination. On the business side, he will develop cross-border projects and build relationships with key tenant contacts—real estate executives, supply chain directors, and procurement managers at major logistics, e-commerce, manufacturing, and 3PL companies operating throughout the region—and will represent 108 REAL ESTATE at industry conferences and forums across the CEE region. In addition to his sales role, André Kerremans will also contribute to the implementation of internal processes and the introduction of innovations into real estate practice.

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Vysočany at a Crossroads: A Former Industrial District Is Turning Into a Modern Part of Prague 9

Vysočany at a Crossroads: A Former Industrial District Is Turning Into a Modern Part of Prague 9

Vysočany has been one of the fastest-changing locations in Prague in recent years. An area that served industry for decades and remained full of brownfield sites in recent decades is gradually turning into a fully-fledged urban district – with housing, offices, shops and public space. For companies looking for office space, it could be an interesting alternative to traditional locations closer to the centre.

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European Office Markets in the First Half of 2026: Lower Demand, but Rising Prime Rents and Deepening Polarization
Offices

European Office Markets in the First Half of 2026: Lower Demand, but Rising Prime Rents and Deepening Polarization

Demand for office space in major European cities fell by 9% year-over-year in the first half of 2026, mainly due to a lack of large transactions. Prime rents, however, continue to rise—by 6.2% year-over-year in major markets—driven by a shortage of high-quality Class A space. The vacancy rate rose to 9.6%, but remains highly polarized: prime locations in city centers are nearly full, while space is becoming available on the outskirts.

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