Passerinvest Group aims to deliver new Prague offices in H1 2028

Green Forum
Passerinvest Group, in partnership with the GEMO group, has advanced construction on the Sequoia development in Prague, with final completion scheduled for H1 2028. Gemo is also serving as the general contractor for the project.

"Completion of the foundation slab represents one of the key milestones of the entire construction. At this stage the building gains its definitive footprint and work on the individual floors can begin. Sequoia is being built in demanding geological and terrain conditions, so we focused from the outset on the technical solution for the foundations and its long-term durability. All works are proceeding on schedule," said Martin Unger, Technical and ESG Director at Passerinvest Group.

Sequoia is a further step in the transformation of New Roztyly, where Passerinvest Group is gradually creating an urban district combining office buildings, public spaces, services, greenery and future residential development.

Once finished, Sequoia will offer more than 33,000 sqm of offices, a canteen with a café, shared meeting spaces for up to 200 people, a rooftop terrace with greenery, private loggias and facilities for cyclists. The underground floors provide 488 parking spaces, some equipped with EV charging stations.

The building will use heat pumps, photovoltaic panels and energy-efficient heating and cooling systems, with attention to indoor environment quality, water management including blue-green infrastructure, and biodiversity. The project will obtain Breeam Outstanding certification. 

RECOMMENDED
Crestyl secures €185 million loan for Prague office park from pbb & Helaba
Real estate

Crestyl secures €185 million loan for Prague office park from pbb & Helaba

Crestyl Group has secured a €185 million medium-term refinancing package for its Dock In Office Park in Prague, jointly underwritten by Deutsche Pfandbriefbank (pbb) and Helaba. The transaction capitalises on the lenders' long-term involvement with the Prague 8 commercial development. Prior to this agreement, both pbb and Helaba successfully provided the financing for all five individual phases of the waterfront office park.

Three Prague office buildings earn Breeam sustainability ratings
Real estate

Three Prague office buildings earn Breeam sustainability ratings

Office buildings Anděl 17, Panorama Business Center and Victoria Vyšehrad from Českomoravská Nemovitostní's managed portfolio have obtained Breeam International In-Use certification, confirming high levels of sustainability and energy efficiency.

What the surge in technical services demand means for property investments in 2026
Real estate

What the surge in technical services demand means for property investments in 2026

Andrei Ianculescu, Head of Project & Development Services at Cushman & Wakefield Echinox, talked to Property Forum about the expansion of design and ESG advisory services, the industrial and logistics sector's growth post-Schengen, and the importance of independent project management for tenant fit-outs. Ianculescu also emphasised the potential in secondary cities and the increasing relevance of aligning projects with sustainability standards.

Reckitt signs major lease at Garbe Park Klášterec nad Ohří
Real estate

Reckitt signs major lease at Garbe Park Klášterec nad Ohří

Garbe has started construction of a new 55,000 sqm hall at Garbe Park Klášterec nad Ohří II, with global consumer goods company Reckitt becoming the anchor tenant. The British multinational has leased 35,000 sqm of industrial space under a ten-year agreement and will move in during the Q2 2026.

RECOMMENDED FROM THE HOME PAGE
Energy

Solar module makers show first financial stability in over a year

The newly published Edition 2 2026 of the PV Module Manufacturer Ranking Report shows the first signs of stabilisation in the solar manufacturing sector's balance sheets after more than a year of steady deterioration. The table tracks the Altman Z-Score, a widely used measure of bankruptcy risk, for 64 publicly listed photovoltaic module manufacturers, and has now been refreshed with first-quarter 2026 data.

Energy

Romanian floating solar pioneer partners with university

The Faculty of Hydrotechnics from the Technical University of Civil Engineering Bucharest and Waldevar Floating PV have signed a strategic partnership to accelerate innovation in renewable energy and prepare the next generation of specialists in floating photovoltaic technologies.

Energy

Rezolv Energy launches Bulgaria's St. George solar park

Rezolv Energy has commissioned the St. George solar park in Silistra, Bulgaria, marking the company's first project to become operational. The 225 MW facility reached full operational status in under three years from acquisition of development rights.