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Office Market News

Colliers International appoints Kevin Turpin as Regional Research Director for Central and Eastern Europe

Colliers International, the world's leading commercial real estate investment consulting firm, today announced that Kevin Turpin has been appointed as the new Regional Director of Market Research for Central and Eastern Europe. He will take up a new position on 1 October and will be based in Prague.

RERC: European Real Estate Market Report - Perceived Risk

RERC, part of SitusAMC, today released its European Real Estate Market Briefing. This report examines how trade wars and other geopolitical tensions have raised concerns about the global economic slowdown, which is causing investors to prepare for the risk of uncertainty that comes to the spotlight. The study found that the political and economic disturbances associated with Brexit continue to strongly influence the behavior of European investors. Although concerns about the immediate recession in the United Kingdom have subsided after the surprising improvement in economic results in July, growth remains stagnant. Given that the Prime Minister is a strong supporter of Brexit, the chances of agreement before the deadline of 31 October are weakening.

The BETA building in BB Centrum is fully occupied

The office and retail space in the Beta building at BB Centrum in Prague 4 is fully occupied. The last free square meters of office space has been rented by ANODIUS, a consulting company providing business solutions. The tenants of the building also include companies such as SAP CR, Savencia, DAS, Puma, Webhelp, O2 and UPS. Last year, the existing tenants of Uniprog and Webhelp Enterprise Sales Solutions expanded significantly in the administrative part, and Intens Corporation, a provider of services in the field of transport telematics, has moved in. The total lettable area of ​​the Beta building is 19,000 m2 on 9 above-ground and 3 underground floors, with 330 parking spaces available. The building was designed by Aulík Fišer architekti.

End of inefficiently used offices. Business Link Visionary is a revolutionary subscription option that optimizes companies' fixed rental costs

Business Link Visionary, a premium Prague center offering fully serviced flexible offices, has introduced a new way of corporate subscription to its premises. This disrupts the schemes adopted so far by flexible offices and coworking centers. In addition to the standard offering, client companies can now take advantage of two new services that offer much more options and flexibility in accessing office space. The biggest benefit of the new products is the possibility of optimizing fixed monthly costs for office space and making attractive offices accessible to more employees.

CA IMMO expands River City Prague in Karlin with two more office buildings

CA Immo, a real estate company specializing in office buildings in Central European capitals, has started construction of two other office buildings in Prague. Two new premium properties will be built at River City Prague, located in the attractive location of Karlín in the Rohanský Island area. Mississippi House and Missouri Park will finally complete a vast complex that will include a total of five buildings (including the existing Amazon Court, Nile House and Danube House).

More and more financiers, consultants and merchants are using coworking. Spaces accommodates new offices around the world

Nearly 180 new branches of Spaces coworking space were opened all over the world this year. The network already has 3,500 centers and since September it has also included the Prague Albatros. The expansion of IWG, which operates Spaces, responds to the increasing demand for this type of space. According to information provided by The Instant Group, client interest increased by 19% year-on-year. And, as the agency foresees, flexible workspaces will make up 40% of the office market in ten years.

NEW WORK will open new offices in the Czech Republic and other countries in the region

New Work, a provider of flexible office space, continues its expansion in the Czech Republic. After launching the offices in the Dynamica building in Waltrovka, Prague, he plans to open work space in the Rustonka complex in Prague Karlín by the end of this year. And by 2020, four new Prague centers should be added to New Work's offer.

If there was a fire in the office, what would you take away?

Smarties, cellphone, glasses, but also a lathe or meter high plant. All of this would be saved by employees of different companies (besides health, of course) after the fire in the workplace. Here are nine answers in the #MORETHANOFFICE poll.

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