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Crestyl is strengthening in Poland, having taken over one of the largest Polish developers, Spravia

Czech developer and investor Crestyl significantly strengthened its position in Poland when it completed the takeover of a fifty percent stake in Spravia from the Cornerstone Partners group. The Polish developer was originally bought by both partners together. In 2021, they paid 8.5 billion crowns for it, which meant one of the largest real estate deals in Central and Eastern Europe. The price of the current transaction was not published.

Scott.Weber Workspace opens its third location in Prague 8 and its thirteenth location in Prague

The largest provider of private flexible offices and coworking is expanding to include the Dock location in Libni in Prague 8. The Thirteenth Center will offer a total of 350 office spaces, event spaces, private terraces and over 20 meeting and other rooms for concentrated work to increase productivity on an area of 3,190 m2. Scott.Weber in the Dock will provide an extraordinary number of relaxation zones in the spirit of well-being to ensure physical and mental health, well-being and thus the overall satisfaction of the workers. It will also offer clients a bistro with a chef who will use fresh ingredients directly from the roof terrace with a garden. The concept of modular event spaces is also used in the Dock.

Crestyl breathes new life into the palace near Kotva. The NR7 project will include gastronomy, fashion and offices

Anyone who regularly moves around Prague's náměstí Republiky may have recently noticed an increase in construction activity at the somewhat run-down corner house adjacent to Kotvá. And in about a month, scaffolding will appear on the corner palace in the neoclassical style according to the design of the architects Adolf Foehr and Alfons Wertmüller, the author of the State Opera.

Sharry Platform to Connect Five DOCK Office Buildings in Prague

Sharry, a company developing a workplace experience platform around digital employee badges, has completed its largest project in the Czech Republic yet. It has launched a comprehensive digital solution for the office part of the Prague-based DOCK complex developed by Crestyl. The contract includes a mobile application "DOCK by Crestyl", which connects users from all five office buildings and contributes to the greater sustainability of the project.

Lenka Preslová became the commercial director for commercial real estate of developer Crestyl

In February, the development and investment group Crestyl appointed Lenka Preslova as its commercial director for commercial real estate. In the newly established position, she became part of the management of Crestyl in the Czech Republic, where she will lead the team dealing with the leasing and management of commercial real estate - both office and retail.

According to the prestigious CIJ Awards, DOCK IN FIVE became the best administrative project of the year

At the end of last week, the Crestyl Group won the award for the best office project in the 22nd CIJ Awards, for the DOCK IN FIVE administrative building. It was approved in May of this year and is the last part of the now complete DOCK district, which has grown up around two blind branches of the Vltava in Prague's Libni. The CIJ Awards are the longest running awards in the field of commercial real estate in the Czech Republic and are also awarded in other countries of Central and Eastern Europe.

In the new Hagibor district of Prague, the construction of four buildings at once, apartments and offices began

In the spring, despite the turbulent situation on the construction market, developer Crestyl began construction of four buildings that are part of the new Hagibor district in Prague, next to the Želivského metro station - two office and two residential buildings. Completion of the construction is planned for 2024. The very first two administrative buildings in this location will offer a total of 31,000 m2 of space for rent. Of this, almost 12,000 m2 will be occupied by the Czech News Center media house, which will move its headquarters here. The newly built residential buildings Gamma and Delta will be connected to the first two apartment buildings of the Hagibor project, which were approved in May. Gamma offers 138 apartments of all sizes, each with a balcony or terrace. The Delta building, newly bought by the investment company Invesco Real Estate, will then provide apartments for rent.

BNP Paribas Real Estate: Demand for new offices grew by 20% year-on-year

The consulting company BNP Paribas Real Estate recorded a fifth higher demand for new offices in Prague in Q3 compared to 2020. New leases accounted for 58% of the total result in the period from July to September; in the remaining cases, existing contracts were renegotiated. Also thanks to these positive signals, the implementation or preparation of several large-scale projects with a total volume of 0.5 million m2 of new office space, which should grow in Prague by 2025, continues.
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