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Articles - kancelářská budova

UBM will build the world's tallest wooden skyscraper in Vienna

UBM Development AG will implement the construction of the Timber Marina Tower project, a 113-meter high office building with a wood-hybrid structure in Vienna's Handelskai district. At the same time, the company progressed with the Timber View residential project and the Timber Peak office building in Mainz, and with the preparation of the LeopoldQuartier district in Vienna. UBM plans to become the largest European developer of ecological buildings with a wooden structure. In the Czech Republic, the parent company's vision is followed by UBM Development Czechia, which is building the Timber Praha residential project, the first wooden multi-storey apartment buildings in the capital. Compared to ambitious high-rise building projects abroad, however, Timber Praha's energy-sustainable houses have a maximum height of 12 meters, due to restrictions arising from domestic legislation.y

New business headquarters in Ostrava. Contera is completing a building worth a billion and a half

Back in the 1980s, the Karolina coking plant operated in the Ostrava area. The part of the city that originally served mines and heavy industry was then an empty brownfield for several years. However, it is gradually turning into the commercial and administrative center of the city and is attracting more and more investors.

Prague offices will soon be in short supply, the price of their equipment is driven up by ESG and modern standards

High demand and a lack of new projects caused a decrease in the vacancy rate of Prague offices, which currently stands at 7.26%. The volume of new construction and renovations was approximately 143,600 square meters at the end of Q2 2023, and the total market size was 3.85 million square meters. Reference rent prices have not changed in any way compared to the previous quarter, however, in connection with ESG and modern standards, the price of office equipment is increasing. It can easily exceed 1,000 euros per square meter. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.

Searching for a "new" office

The operation of contemporary offices shows that the intersection between work and personal life is increasing. The personal life of employees has an ever-increasing influence on companies' decisions about choosing a suitable office. On the other hand, employees are considering working corners at home for a comfortable home office or close commuting distance to work.

Is there a shortage of offices in Prague?

The construction of no office building has been started in the Czech capital for a whole year, and none was completed during the past quarter. Of course, these are not the only current parameters of the Prague office market, but according to the regular report of the Prague Research Forum, they say a lot about its state.

Interest in spaces in mixed-use complexes is growing, but their construction is lagging behind in the Czech Republic

In the Czech Republic, there is a growing interest in so-called mixed-use projects that connect offices, shops, housing and various forms of social enjoyment. Unfortunately, their construction still lags behind the surrounding countries. The reason is primarily the very long building permit process. While in Poland, for example, a permit for a new building takes only a few months, here it usually takes years.

Sustainability of office projects in Serbia and the region

Belgrade is the only metropolis in the region between Milan, Budapest, Istanbul, and Athens. "Nikola Tesla" Airport reached over 6 million passengers last year. Office space buyers are more and more demanding!

Rohan Business Center has changed hands. It was bought by the Fio real estate fund for 31 million euros

The Reico ČS Nemovitostní fund has agreed on the sale of the Rohan Business Center office building in Karlín, Prague. It was bought by the collective investment fund Fio realití fond. The value of the transaction is 31.3 million euros, i.e. approximately 740 million crowns. Reico ČS stated this on its website.

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