CZECH REPUBLIC Masaryčka takes shape

Office & mixed-use development

06 April 2021

Nathan North
managing editor (English section)

The installation work is now underway on the 100,000 sqm project

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Penta Real Estate has started the first stage of the construction work on its Masaryčka project to redevelop the Masarykovo nádraží train station in central Prague.

The building permit for the project was obtained around a month ago. Following the works on the concrete foundations, the insulation work is now being carried out. Two out of the four cranes eventually planned for the site are currently in operation. Once it is completed, the mixed development will comprise 100,000 sqm of office, retail and residential space as well as a wide range of public amenities, green areas and relaxation zones, while also including reconstruction and upgrading of the h

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Latest news

Office & mixed-use development

Czech Republic How to bring workers back to the office

Opr./edited by AH

Three years after the pandemic, employee disinterest remains a barrier to a widespread return to the office. Data from Colliers, obtained in collaboration with analytics platform Basking.io, shows that average office occupancy remains below 60 pct in most regions of the world, even at peak times.

Retail & leisure

Poland Andersa retail park to open in 2026

Opr./edited by AH

Construction work on the Andersa retail park has begun at the intersection of ul. Andersa and ul. Okulickiego in Gliwice. Already, the centre is nearly fully leased.

Germany GTC teams up with Paul

Opr./edited by AH

GTC, together with PAUL Tech AG, has announced a strategic partnership to sustainably upgrade GTC’s residential portfolio in Germany. Nearly 4,800 residential units are set to be upgraded with climate-neutral heating.

Retail & leisure

Poland Redkom to open Białystok retail park

Opr./edited by AH

The leasing process is underway for a 14,000 sqm gla retail park being developed by Redkom Development in Białystok.

Investment & finance

Poland Investment recovers

Opr./edited by AH

After a moderate start to the year, Q2 saw a revival in the investment market. However, the total transaction volume remains below the 2020 average, according to Savills Polska's 'Investment Market in Poland in H1 2025' report.

Investment & finance

Poland DL Invest raises EUR 350 mln with bond issue

Opr./edited by AH

Polish warehouse developer DL Invest Group has completed its first public Eurobond issue, raising EUR 350 mln. The funds will be used for refinancing and further development.

Office & mixed-use development

Germany Sonar takes on three buildings

Opr./edited by AH

Sonar Real Estate has taken over the commercial management of three office buildings in Düsseldorf's Medienhafen district. The total combined leasable area of the Alto, Largo, and Float buildings comes to around 88,000 sqm.

Warehouse & industrial

Poland P3 signs up DeFelt

Opr./edited by AH

DeFelt, a company that specialises in the use of PET felt for acoustics and interior design, has leased around 2,500 sqm in P3 Wrocław City.

Office & mixed-use development

Poland Four leases in Globis

Opr./edited by AH

GTC has signed four new leases and two lease extensions for over 2,100 sqm. in the Globis Wrocław office building.

Investment & finance

Poland Develia buys Bouygues Immobilier

Opr./edited by AH

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Human resources

Europe Panattoni bets big on data centres

Opr./edited by AH

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Germany Garpa comes to Lüneburg

Opr./edited by AH

Garbe Industrial has fully leased its logistics property in Lüneburg (Lower Saxony), which is still under construction. Garden furniture manufacturer Garpa will move into the 20,000 sqm centre on October 1st this year.

Investment & finance

Czech Republic Accolade buys Garbe Park České Budějovice

Opr./edited by AH

Accolade has acquired Garbe Park České Budějovice for around EUR 100 mln.. The transaction includes two completed buildings with a total area of 50,000 sqm and a 16 ha development site.

Office & mixed-use development

Poland H+H enters North Gate

Opr./edited by AH

Two tenants have leased space in the North Gate building in Warsaw. H+H Polska has leased the entire eleventh floor with an area of 840 sqm, while a well-known currency exchange has taken a unit of 30 sqm on the ground floor.

Warehouse & industrial

Poland LIT grows in Fortress Zabrze

Opr./edited by AH

LIT Logistyka Polska, one of the largest tenants at Fortress Logistics Park Zabrze, has decided to lease an additional 5,670 sqm of warehouse space, bringing its total area in the park to over 17,000 sqm, less than a year after launching operations in the complex.

Investment & finance

Poland 7R purchases 1.4 ha

Opr./edited by AH

7R has finalised the purchase of a 1.4 ha plot in Stara Wieś (between Warsaw and Białystok), where it intends to build a warehouse and logistics park.

Warehouse & industrial

Poland Media Expert comes to MLP Poznań

Opr./edited by AH

Media Expert is to occupy over 4,200 sqm in MLP Poznań. Around 4,000 sqm will be warehousing, while 180 sqm will be used as office and social space.

Property and Facility Management

Poland Savills to manage for Yareal

Opr./edited by AH

Savills has taken over the comprehensive management of a portfolio of properties in Warsaw owned by Yareal Polska. The portfolio includes buildings C, D and E of the Lixa complex, the Wspólna 47/49 office building and the service section of the Soho by Yareal development.

Poland Well comes to Panattoni

Opr./edited by AH

Panattoni has been awarded a Well ‘Gold’ certificate for the office section of a BTS project in Gliwice. This is the first such certificate awarded in Poland for office space in an industrial facility.

Warehouse & industrial

Poland TriCity takes strong position on warehouse market

Opr./edited by AH

According to Avison Young, due to its strong foundations and sustained demand, the TriCity remains a thriving logistics market. Its easy access to ports, its road and rail connections and its proximity to Northern and Eastern Europe markets make it an attractive region for investors.

Latest in Office & mixed-use development

How to bring workers back to the office

Three years after the pandemic, employee disinterest remains a barrier to a widespread return to the office. Data from Colliers, obtained in collaboration with analytics platform Basking.io, shows that average office occupancy remains below 60 pct in most regions of the world, even at peak times.

Sonar takes on three buildings

Sonar Real Estate has taken over the commercial management of three office buildings in Düsseldorf's Medienhafen district. The total combined leasable area of the Alto, Largo, and Float buildings comes to around 88,000 sqm.

Four leases in Globis

GTC has signed four new leases and two lease extensions for over 2,100 sqm. in the Globis Wrocław office building.

H+H enters North Gate

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Croda enters Unity Square One

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Vilharia 75 pct commercialised

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PZU stays in Konstruktorska

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Office sizes growing

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Ikea opens up its showroom

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Vesuvius moves into Korona

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Three new tenants for Oxygen Park

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Colliers lays out the perfect office

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Pharma grows in Warsaw’s office scene

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VeloBank looks to Sagittarius

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IKEA to set up showroom office in .KTW

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The Bridge opens it gates

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Industrial Bank of Korea opens in Warsaw

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Tenant activity rises

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Large lease renewal in B4B

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Magazine

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Edition 6 (299) June 2025

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