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CBRE: How is the Czech commercial real estate market changing and what are its prospects?

• There are clear signs of recovery in the market. The volume of investments in commercial real estate in the Czech Republic is growing. • This year, the industrial real estate sector will record the historically highest volume of demand. • The multifamily segment with rental housing products is included in the course. • The interest of international investors in Czech assets remains strong.

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The new Hagibor district in Prague will be expanded with offices, and the Czech News Center media house will move in

Developer Crestyl presented the administrative part of the new Hagibor district in Prague, next to the Želivského metro station. A total of six office buildings will be built here. The first stage includes two administrative buildings that will offer 31,000 m2 of space for rent. Of this, almost 9,000 m2 will be occupied by the Czech News Center media house, which will move its headquarters here. The construction of the first office stage, in which, in addition to Crestyl, EP Real Estate also participates, will begin this year. Its completion is planned for the end of 2023. As part of the Hagibor project, a total of five residential houses are gradually growing under the leadership of Crestyl - two of them are already nearing completion, construction of the third will begin this year. Everything connects the square and the central pedestrian boulevard with shops and restaurants, which leads from the exit of the metro. The cost of the entire project will exceed nine billion crowns.

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Interviews

Offices will certainly not disappear, but their purpose will change (part 1/2)

We have prepared for our readers Kancelareinfo.cz an exclusive interview with CAPEXUS experts on the interior of workplaces. How has the Covid-19 pandemic affected trends in workplace interiors? What transformation projects are they currently working on? How important is the diversity of the workspace?

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Offices will certainly not disappear, but their purpose will change (part 1/2)

We have prepared for our readers Kancelareinfo.cz an exclusive interview with CAPEXUS experts on the interior of workplaces. How has the Covid-19 pandemic affected trends in workplace interiors? What transformation projects are they currently working on? How important is the diversity of the workspace?

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Tenants

Date Business Center Tenant m2 Agency
2021 Q2 Missouri Park Allen & Overy 1400
2021 Q1 The Flow Building Wilsons 800
2021 Q1 The Flow Building Weber-Stephen Products, LLC 1200
2021 Q1 The Flow Building Graebel 1000

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