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Czech Investment Market 2018 - overview

In Q4 2018 Czech investment market  sees largest transaction in recent years

Investment deals closed just in the last quarter of 2018 contributed over €1.25 billion to the total figure, representing 1/2 of all 2018 transactions. The most important investment transaction of 2018 was undoubtedly the sale of CPI industrial portfolio in the fourth quarter of the year. The acquisition of three premium CTP parks, which are comprised of 36 industril and warehouse properties (430 000 m2), is one of the largest transactions in the history of the Czech investment market.

December followed with the sale of the Forum Karolina shopping centre in Ostrava. The largest retail transaction of the year was credited to Reico.

In 2018 Q4 the most active segment was industrial real estate.

Pražský trh kancelářských prostor 2018 - shrnutí

The Real Estate and Consulting company Professionals Ltd. informs about Prague office market in 2018.

In total over 149,000 m2 was completed in 2018 representing a 10% increase when compared to the previous year 2017. New office space availability decreased from 40,600 m2 (supplied in 2018 Q3) to 28,400 m2 completed in 2018 Q4.Two new projects were added to the A class office space in 2018 Q4. The largest of new completions was Building A in BB Centre with ca. 21,400 m2 situated in the Pankrác – Michle hub  (Prague 4). There was also completed administrative  building called City Element in the last quarter of 2018, the scheme comprises 7,000 m2 of office space and it is also located in Prague 4 in the Pankrác – Michle business hub.

Existing stock in the capital city continued to be dominated by A class office space. At the end of 2018 total Prague office stock stood at approximately 3.5 million m2.

Prague office construction remained active with over 342,000 m2 under construction in 2018 Q4. Almost 206,000 m2 of new supply is expected to come to the market just in 2019. In 2018 Q4 here was a strong development activity  in the Prague 8 district as well as in Prague 5.

Prime rents in CBD stayed unchanged q-o-q and ranged from 20.50 to 22.00 € /m2/ month in 2018 Q4. In Inner City prime rent was between 14.50 – 16.50 € /m2/ month and in Outer City in the range of 13.00 to 15.00 €/m2/ month.

Vacancy rate continued to decline  at the end of the year reaching only 5.0 % representing a decrease of 110 basis points in comparison to the third quarter and a drop of 250 basis points on 2017 Q4. 

PF 2019

Thank you for your support in the past year and wishing you find the right solutions to the hardest puzzles in the New year.

Please note that our office will be closed from 22nd December 2018– 2nd January 2019. 

Looking forward to cooperating with you in 2019!

Czech investment market Q3 2018 - overview

The Czech investment market saw transaction volume of ca. €221 million in the third quarter driven mainly by buoyant activity in the office and retail segments.

Situation in the investment market slowed in the third quarter of the year with investment down 51 % from the previous year. 

Looking at the investment market segments, office property with around €95 million became the most favoured sector for investors in the monitored period 2018 Q3.

Significant office investment volume stemmed primarily from the €39 million acquisition of the building Dům odborových svazů in Prague 3 and  further the acquisition of Polygon House located in Prague 4.

Report | Czech investment market Q3 2018

Prague office market Q3 2018 - overview

Real Estate and Consulting Company Professionals Ltd.. informs about the state of the Prague office market in Q3 2018.

Office stock increased in 2018 Q3 adding approximately 40,600 m2 of office space     to the Prague‘s market. The largest newly completed office building is called Palmovka Open Park; the project is located in Prague 8 and comprises 24,500 m2 of A class office space. The office complex AFI Vokovice also obtained its final approval in Q3;  this project consists of two office buildings with total office area of around 12,100 m2.

Around 346,000 m2 of office space were pending delivery in the capital located primarily in Prague 8 and further in Prague 4, in Prague 5 and in Prague 6.

Prague office vacancy rate in the third quarter of 2018 got closer to the 6% mark, standing at 6.1 %.

Report | Prague office market Q3 2018

The new residential project Zelené Modřany on sale

We have just launched the sale of 19 family houses, 4 kk in the residental project Zelené Modřany, which closely follows the successful project Bydlení na Beránku. The location is surrounded by greenery and still close to the city centre, making it ideal for family living. 

Take this opportunity to choose first