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Office Market News

CFIG Real Estate is launching its first development project. A modern Palachovka administrative center will be established in Pardubice

CFIG Real Estate, which belongs to the CFIG financial and investment group, presents the final version of the Palachovka project. The company bought the five-storey administrative center in the wider center of Pardubice from the construction holding Enteria. The finished premises should be ready to move in by the end of 2022.

There is no office like an office. Coworking centers believe in expansion

The office market is one of the areas most affected by real estate pandemics. It is not yet clear how many people will return to the offices and what proportion of companies will require "pre-fashion" attendance from their employees. Investors and operators of coworking centers are venturing the opportunity to cut a larger share of the market.

Find out how the transition to LED lighting can help the EU in its efforts to achieve zero emissions, save citizens money and create jobs.

• The EU aims to achieve carbon neutrality in all 27 of its Member States by 2050. • Upgrading 2.3 billion conventional luminaires in the EU to LED luminaires will reduce CO2 emissions by 50.9 million tonnes, save € 40 billion in electricity costs and significantly boost employment. • Signify calls on the EU to more than double the annual share of building renovations to 3% in order to meet emission reduction targets.

The area of offices in Prague per person is below average in comparison with the world

According to a survey by JLL Global Benchmarking Service, the global average office space per employee is 13 square meters. In Prague, the area is between 10 and 11 square meters, ie lower than the global average. Employees have the most space in offices in Chicago, USA, almost 23 square meters. At the bottom of the scale are cities like Manila or Bangalore, where workers have 7 square meters at their disposal.

CA Immo: Office Buildings Mississippi House and Missouri Park in River City Prague completed

CA Immo completes Mississippi House and Missouri Park office buildings in the River City Prague office campus in the area of Karlín First tenants: ADASTRA, Allen & Overy and BATIST Medical Holding All 5 buildings of the River City Prague campus are now complete with a lettable area totalling 84,000 sqm The buildings are targeting highest sustainability standards (LEED platinum) as well as tenant health and wellbeing features (WELL Platinum and WELL Health&Safety rating)

Primark opens first Czech Republic store

Primark has opened its first Czech Republic store in the Flow Building, Flow East’s development on Wenceslas Square in Prague, marking the 14th market for the retailer.

REICO sells Brno office building to local investor

REICO’s ČS real estate fund has decided to sell the Platinium office building in Brno to Czech investment group RSBC. The Platinium building was the longest-held property in the fund's portfolio.

A new park has opened in the DOCK project in Prague

Developer Crestyl has opened a new park in its DOCK district, growing around two blind branches of the Vltava in Liben, Prague. It offers on an area of one hectare both relaxation in the greenery with an ornamental pond, fog and smart benches, as well as the possibility of sports activities - right in the park there is a running speed meter on a special tartan running track leading around the whole area. In the near future, charging stations for electric cars will also be installed next to the park. In the future, the new park also includes markets and various cultural and sporting events.

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Jana Hrda

+42 191 916 4778

Tereza Matejkova

+42 021 001 2566


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