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Articles

Czech year on year investment volume falls by only 8%

A total investment volume of €290 million was transacted in the Czech Republic during the first quarter of 2021, according to Savills latest research. Without the exceptional €1.3 billion Residomo portfolio sale transaction, the investment volume was only down by 8% y-o-y.

Safely to the offices: AFI Europe is the first in the country to introduce a unique system that eliminates airborne viruses with 99.8% efficiency against SARS-COV-2

The developer AFI Europe, which has so far implemented three phases of the Classic 7 Business Park administrative center in the field of office real estate, AFI Karlín, AFI Vokovice and AFI City 1, has decided to take a major step in the fight against the coronavirus pandemic and in protecting its tenants. It is newly installing a unique system of Global Plasma Solutions (hereinafter referred to as GPS) in the common areas of its office buildings, whose patented technology based on bipolar plasma ionization effectively eliminates bacteria and viruses in the interior of buildings, including elevators. For SARS-COV-2, tests have even shown 99.8% efficacy. The same system is already used abroad, for example, by the White House - the seat of American presidents in Washington, Harvard University or Google.

The need for offices will remain, but the space will be reduced

Last year, the demand for offices in virtually all European countries fell sharply. Compared to 2019, it decreased by 41% to 9 million m2. This was the lowest volume of realized demand since 2009. According to analysts of the international consulting company BNP Paribas Real Estate, there is already a recovery in this year's tenant activity, but the office market is not expected to recover until 2022. At that time, demand should reach 12.2 mil. m.

A science and technology park is being established in Pilsen for almost 600 million - to keep talents in the region

Dirt, cables, holes and dust everywhere. Robot manufacturers and developers are enthusiastic about the premises located in the newly built TechTower science and technology park in Pilsen. At least according to the words of Luďek Šantory, director of the Information Technology Administration of the City of Pilsen, under which the project falls. This is a two-storey space of the original boiler room in which the explosion occurred. This has created an ideal place for developers, which provides them with real conditions.

Real estate investors are looking for opportunities in the regions

The activity of real estate investors fell to the lowest values since 2013 in the first quarter of this year. The owners changed their commercial (and residential) buildings for EUR 310 million. Rather than the effects of covid measures, the result was affected by the lack of quality real estate to buy.

Changes in lease agreement terms? Start-up leading the way!

Explosion of teleworking, advent of flex-office, new organization of spaces: the place of the office in the post-Covid-19 economy is clearly being called into question.

Office of the Year competition: The quality of the working environment increases employee satisfaction

More than a million Czechs work in state administration or state-owned companies. Although the state office market is approximately the same as the market for Prague offices (currently approx. 3.7 million m2), the situation with investments in equipment is diametrically different. The expert jury of the Office of the Year competition spoke about the need for enlightenment among state authorities or companies at last year's meeting, as quality equipment is important for the satisfaction not only of company employees but also of state officials.

Clients will increasingly search for workspaces that follow the latest standards

We have prepared for our Kancelareinfo.cz readers an exclusive interview with Viktor Peška, Chief Sales Officer of the development and investment group Crestyl. What does Viktor say about the current situation in the office market and what are their development plans?

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Jana Hrda

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Tereza Matejkova

+42 021 001 2566


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