Tuesday, 20 October 2026
WOOD & Company is considering approximately €100 million of new office property acquisitions in Prague and Warsaw as investment activity across Central and Eastern Europe begins to recover. The Czech investment group outlined its plans on 15 October 2026, pointing to improving financing conditions and greater agreement between property buyers and sellers on valuations as factors encouraging renewed transaction activity.
Commercial property investment across Central and Eastern Europe reached €3.65 billion during the second quarter of 2026, an increase of 53% compared with the same period last year, according to CBRE figures cited by WOOD & Company. Separate research from Colliers recorded approximately €5.8 billion of transactions across six regional markets during the first half of the year, confirming that investor activity has strengthened, although the pace of recovery differs considerably between countries.
WOOD Real Estate portfolio manager Jiří Hrbáček indicated that the company is examining further office investments worth approximately €100 million, concentrating on the Czech and Polish capitals. The company has not identified individual buildings or announced a timetable for completing the potential acquisitions. Its interest nevertheless reflects renewed demand for established office properties offering dependable rental income and opportunities for long-term investment.
Office buildings represented approximately 31% of regional commercial property investment during the first half of 2026, compared with 30% for retail properties, according to the figures presented by WOOD. Despite uncertainty surrounding workplace requirements, investors continue to pursue well-located buildings with established tenants. However, financing costs, occupancy and the condition of individual properties remain important considerations when assessing acquisitions.
Czech investors are becoming increasingly influential across the region. Commercial property transactions in the Czech Republic reached approximately €943 million during the second quarter, representing annual growth of 39%, according to CBRE. Domestic buyers accounted for 64% of investment activity, while Czech capital was responsible for approximately €1.4 billion of acquisitions across Central and Eastern Europe during the quarter.
Poland recorded particularly strong investment growth, with transactions reaching approximately €2 billion during the second quarter, an annual increase of 91%. First-half investment totalled around €3.3 billion, supported by substantial international interest. Warsaw’s position as a major commercial property market helps explain its importance to WOOD’s proposed acquisition strategy. Slovakia, by comparison, attracted approximately €244 million during the first half, representing an annual decline of 43%, although Czech investors accounted for a significant share of transactions.
WOOD’s existing funds also reported positive performance during the first half of 2026. Its Office subfund generated a return of 4.79% for the Czech koruna investment class, while its annualised return since inception stood at 9.65% at the end of June. The Retail subfund recorded a first-half return of 5.79% for the same currency class, with annualised performance since inception reaching 10.89%. These historical figures relate to specific investment classes and should not be interpreted as expected future returns.
The company’s office portfolio recorded occupancy of approximately 90.5% at the end of June. During the first half, WOOD completed the integration of Royal Wilanów in Warsaw, dividing the investment between its Office and Retail subfunds. Its Greenline office building in Prague was fully leased, while refinancing arrangements were completed for Aupark Tower in Bratislava. These developments illustrate the group’s focus on maintaining income from existing properties while identifying further investment opportunities.
WOOD also reported improved trading conditions at two of its Prague retail properties. Visitor numbers at OC Krakov increased by 7.5% annually, while tenant sales rose by 4%. Galerie Harfa recorded visitor growth of 2.3% and a 4.9% increase in tenant sales. Although these figures reflect individual properties rather than the wider Czech retail market, they provide evidence of continued activity within the company’s commercial portfolio.
The recovery in regional investment transactions is encouraging property managers to reconsider acquisitions after a period marked by higher borrowing costs and uncertainty over property valuations. However, increased transaction volumes do not necessarily indicate that all commercial property sectors are experiencing stronger prices or rental growth. Investors remain dependent on securing suitable assets at valuations that can support sustainable income and financing costs.
For WOOD & Company, the proposed €100 million office investment programme represents an opportunity to expand its presence in two established Central European markets. Whether the acquisitions proceed will depend on the availability of suitable properties and the financial conditions attached to individual transactions. More broadly, the company’s plans illustrate how Czech investment capital is becoming an important source of demand as commercial property markets across the region recover at different speeds.
