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Office Market News

CA IMMO rented another 1,400 m2 in the Missouri Park office building in Karlin

• The new tenant is the law firm, Allen & Overy • The Mississippi house and Missouri Park are scheduled for completion in July • Both buildings meet not only the standards for WELL Core & Shell and LEED Platinum certifications but also WELL

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CEE Tenant Advisors – First Independent Tenant Representation Network in CEE

The Coronavirus epidemic is undoubtedly a real hard cost for businesses. The uncertainty surrounding this crisis is prompting companies to find sources of savings to reduce their costs. Rent and office management are the second largest expense item for companies after salaries. It is therefore relevant to ask the question of how to reduce the cost of your premises as much as possible and/or match the current needs of space with the current working constraints.

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AFI Europe has acquired Avenir Business Park

AFI Europe has signed an agreement to purchase the Avenir Business Park office center in Prague 5, owned by one of the funds of the British company Tristan Capital Partners. The premium office complex with a total leasable area of more than 25,600 m2 is almost 100% occupied. Prestigious tenants include companies such as ČSOB, ING, Porsche, McDonald’s, Dermacol and Coloplast. The value of the transaction, including certain settlements, is EUR 66.5 million. The transaction will be completed as soon as the seller meets the pre-agreed conditions in the transaction contract.

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Traditional offices will replace the smart ones, they work anytime and anywhere

A year ago, offices were a space where millions of us spent about a third of our lives. However, much has changed since then. Did the pandemic bring about the end of the traditional office we were used to?

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Crestyl finishes an extensive DOCK project in Liben, Prague, and the last building is being built

The Crestyl Group is completing its DOCK district, growing around two blind branches of the Vltava in Liben, Prague. The last building is currently under construction - the DOCK IN FIVE office. Work is also finishing on the hectare park directly in the area, which will be completed and opened during the spring months. The residential buildings are all completed and the apartments are sold out. Similarly, all completed office buildings are fully occupied by tenants except for the last few meters. Completion of the last DOCK IN FIVE office building is scheduled for the second half of 2022. It will offer approximately 21.5 thousand m2 of office space and retail space.

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The Masaryčka construction has kicked off

First stage of the Masaryčka project building works have begun upon receiving a building permit about a month ago

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New Study Finds 85% of Workers Want to Return to the Office

— After year of quarantine, desire to be with coworkers #1 reason for office return

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The growth of empty offices does not threaten the market

The largest and historically first real estate fund on the domestic market has been operating for 14 years and manages assets worth 31.5 billion crowns. ČS real estate fund, managed by the investment company REICO České spořitelny, offers small savers the opportunity to participate in income from investments in office buildings, shopping centers or industrial areas that would otherwise be unavailable to them. Like other real estate funds, it now has to deal with a pandemic crisis.

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