Erste Group Immorent laid the cornerstone for its Enterprise Office Center, under development in Prague 4-Pankrác. The new project will go up between the Gemini office center and the D1 motorway. Enterprise will offer nearly 30,000 sqm of office over 11 floors as well as 2,600 sqm of retail and service space. The project, consisting of two buildings, is expected to cost €70m and will be financed by Erste Group. The developer hopes to secure BREEAM Excellent certification. The project is scheduled for completion in Q4 2015. Strabag is in charge of construction.

Avast has already signed a pre-lease on 11,500 sqm. Tomáš Velemínský, the CEO of Erste Group Immorent, said Avast is growing quickly and needs more space in the capital.