News

The Real Estate and Consulting company Professionals has celebrated 25 years in the Czech market

On Wednesday 3rd October early evening a gala evening was held in Aureole, one of the highest restaurants in the Czech Republic, to celebrate the 25th anniversary of the Professionals.

A unique evening was held in the spirit of the famous series The Professionals with heroes Bodie, Doyle and their senior chief Cowley and was attended by about 180 guests including partners and friends of the company.

Excellent Dalibor Gondík played the role of seasoned master of ceremonies. The evening started with a humorous story whose history was to rewrite the map of the real estate market in the Czech Republic. The speech was about the executives, the spouses Thomas Duda and Viktoria Dudova and their former and current employees who were introduced as Professionals in all respects.

The theme of the series of Professionals was spread across the "action" evening. Beginning in the private elevator of Aureole, the guests "Joined the action", with the words "You're going with us", using their fingerprint, they transformed into the role of main allies of the Professionals. Guests could immortalize their presence at the crime scene directly in front of the green screen using props playing the roles of agents from the special department of the CI5, the Interpol allies and FBI agents, as well as all kinds of bad guys. The evidence in the form of the highest quality photographs were taken by the guests for the file of evidence.

The distinctive space was dedicated to the employees of the Professionals team. "The company can only be as good as its employees. Professionals has been at the top of the field for 25 years and thanks to our team, we believe that it will not be different in the years to come." said Tomáš Duda, CEO of Professionals Ltd. in his speech during the opening. The words of gratitude were also directed to the business partners whom Tomáš Duda said: "For 25 years, you are our main allies, our business partners, for whom we have the honor to look for optimal solutions according to our best consciousness and conscience. Thanks to your trust, we have been in the market for 25 years."

The whole atmosphere of the evening illustrated the unique space of a restaurant located at a dizzying height, on the 27th floor with a panoramic view of Prague. With a glass of good wine, at sunset, guests could enjoy a unique culinary experience in the form of delicious dishes from chef Jiří Král and his top team. The party brought Bara Zmeková's musical performance and the Prague Jazz Swing Quartet joined by Nina Marinova's violin.

Czech Investment Market 2018 Q2

Czech investment market in the second quarter of 2018 was busier compared to the first quarter (61 % q-o-q) with a volume of sales €638 million. Commercial real estate investment recorded in 2018 Q2 represented ca. 1/5  of the total transaction volume reached in the previous year 2017. In 2018 Q2 the investors were concentrated on office market (ca. €323 million, 51 % of the total investment). The most important office acquisition was registered in Prague 5 – Nove Butovice, where the Metronom office property was sold to Reico for €90 million. Further significant office transaction was sale of Visionary building in Prague 7 to CA Immo for €68 million.

Apart from the office transactions, there were registered several property deals in the retail category. The biggest retail transaction in the Czech Republic was acquisition of Futurum in Hradec Kralove which was also the largest investment deal of the second quarter. Industrial sector was active too, reaching the lowest share on total investment in Q2.

Download the report | Investment | Q2 2018

Czech Investment Market Q1 2018 - overview

According to our latest report on the state of the investment market, it is expected that the positive investment climate should last also this year.  We provide a brief overview of the Czech real estate investment market for the past period Q1 2018.

Investment market in the Czech Republic in the first quarter of 2018 was quiet when compared to the first quarter of 2017. Volume of sales in 2018 Q1 reached ca. €397 million. Commercial real estate investment recorded in 2018 Q1 represented 12 % of the total transaction volume noted in 2017. The highest office deal volume was registered in Prague 1 thanks to the most important office transaction of 2018 Q1 4 concluded between Amundi Asset Management and Curzon Capital Partners III, the property Prague City Centre was acquired for more than €60 million. There were also registered several significant property disposals in the retail sector. In 2018 Q1, hotel and industrial sectors were active too. The 2017 year witnessed high levels of commercial property investment in the Czech Republic (over €3.25 billion); it is expected that the positive investment climate should last also this year.

Download the report | Investment | Q1 | 2018

Prague office market - overview

What changes has the past period brought to the market? How has been the stock and supply, gross take - up, and projects under construction developed?

Here is a brief overview of the office market figures for the first quarter of 2018.

Around 38,200 qm of new office space was brought onto the Prague‘s commercial property market for the past period.Compared to the first quarter of 2017, 2018 Q1outcome suggests better start of the year in terms of new supply.

Among the newly completed projects of the first quarter can be included Visionary located in Prague 7 or City West A1, which is located in Prague 5.

In 2018 Q1 a number of new office schemes initiated construction. Among the newly started projects were Rustonka R4 in P8  or Kvetinovy dum – VN 47 in P1.

Prague’s office gross take-up was less resilient in the first quarter of 2018 contracting by 52 % q-o-q. When compared to the 2017 Q1 gross take-up declined by 4 %. Total gross demand in Prague totaled approximately 81,000 m² in 2018 Q1

Prime rental levels stood between 20.00 - 21.00 € /m²/ month in the Central Business District (CBD) at the end of March. Apart from the capital’s CBD we lately witnessed upward trend for prime rents also in other districts of Prague.

Prague‘s office vacancy remained low      in the first quarter of 2018. Vacancy rate experienced a drop of 110 basis points standing at only 6.4 % in 2018 Q1.

More detailed data in our office report in Market Research section.

Novinky z projektu Byty Nesvadbova |

Novinky z projektu Villas Břežany | III. etapa výstavby rodinných domů SPUŠTĚNA!