TheWrap: The Invasion That Wasn't...Yet

Get them while you can! Tickets, Tables and Partnerships are on sale for ThePrime Gala, which takes place on January 28, 2026 at Obecni dum. Remember, prices will go up as of Dec. 1. (corporate tables are currently CZK 88,500 + VAT).

In its quest to deleverage, CPI has sold off another office building in central Warsaw, located at 1a Moniuszki Street. But you get the feeling this wasn't a prime office building, since the long-term plans of BPI Real Estate Poland and a JV partner are to convert it into a residential building. For the time being, most of the 20 floors in the 9,860 sqm building are fully occupied. The company is also issuing €200 million in new green bonds at 4.750% interest to pay back older debt early. The new bonds, due in 2030, will be added to an existing €500 million bond series. If the fundraising succeeds, the company will repay existing bondholders on November 18, 2025, giving them either their original investment back or a higher calculated amount.

Part of the successful election campaign Andrej Babiš led was his pledge to make low-interest mortgage loans available to families with young children and to essential workers. It’s a tempting idea, but one which risks rather making housing even less affordable than it is today. Such instruments “could help certain people acquire their own housing more quickly, but they certainly don’t solve the problem of affordability,” said Petr Dufek, chief economist of Creditas in a SeznamZpravy article. “They’re just a little bandage.”
Česká spořitelna’s Michal Skořepa went even further. “Higher demand would lead to a rise in prices, meaning to a reduction of affordability for everyone else.” Mikolaše Opletal (Platform for social housing) points out that households need a monthly combined net income of CZK 87,000 just to qualify for mortgages. By subsidizing mortgages, he told SZ, “you’d be helping the poorest of the richest.”

In its first big deal the Arete Energy Transition fund acquired Bio Term, a Polish cogeneration plant near the Czech border in Świebodzice. The facility pairs regulated heat sales to 5,000 customers with opportunistic electricity trading—6.6 MW electric capacity, 11 MW thermal. Arete targets 11-12% annual returns and has three similar projects in evaluation, aiming to deploy 5 billion CZK over four years.

Pardubice's functionalist Grand reopens October 29 following a 2-year reconstruction project carried out by PSN at a cost of CZK 500 million. Designed by architect Josef Gočár in the 1920s, the palace now houses 29 retail units across 3,500 sqm of space, including units occupied by BILLA, dm and CineStar Boutique Cinema. The project also includes a 760 sqm food hall. A co-working space is scheduled to open in the Grand next spring.

Crowdfunding platform Fingood has filed insolvency proceedings against the Ostrava-based developer Rybka Building following the untimely death of its founder. The firm had been servicing more than CZK 170 million of loans until the tragedy, but it ultimately defaulted. One of the projects affected was a 63-unit residential conversion of the former Marica shopping center. Fingood holds several properties as collateral for the loans it provided the developer. The company still holds out hope of completing the Marica project and is in discussions with potential partners.

Luxent – Exclusive Properties has been tapped to sell the 371 units in Kladno Living, a set of five new apartment buildings in Kladno-Krocehlavy. Sales of 56 units were launched in the first building, with 69 in a second structure to begin soon. Occupancy for buyers should be possible by spring 2028. The location offers connections to Metro Veleslavín in just under half an hour.

The Industrial Research Forum reports that Czech industrial stock reached 12.86 million sqm in Q3, with gross take-up jumping 82% year-on-year to 608,900 sqm. That's 1.4 million sqm of take-up for the year. The Czech construction pipeline hit 1.3 million sqm, of which 35% was built speculatively. Vacancy rose 94 basis points to 4.0%. Prime Prague rents remained at €7.00-7.50 per sqm monthly. Miroslav Kotek of Colliers says that the volume of demand demonstrates that "the Czech Republic is not playing second fiddle to Polish or Hungarian markets."