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Articles - commercial property

Another fragment for the reconstruction of Masaryčka. Penta showed the new look of the post office in Hybernská Street

The company Penta Real Estate has chosen an architectural design, according to which it will rebuild the former post office in Prague's Hybernská street, which is part of the complex of buildings around the Masaryk railway station. The winner of the competition was the architect Jakub Klaška, who had already collaborated with Penta on the Masaryčka project.

The volume of investments in commercial real estate in the Czech Republic reached 1.62 billion euros last year, the lowest since 2013

The volume of investment in commercial real estate in Central and Eastern Europe (CEE) in 2022 was approximately 10.7 billion euros. Although this is a year-on-year decrease of only 3.3%, compared to the situation before the pandemic, it is a reduction of more than 20%. At the same time, domestic capital was the most active with a 38% share of total transaction volumes. In the first half of 2023, commercial real estate markets will remain subdued due to significantly higher financing costs and the subsequent price correction currently taking place in both CEE and many other regions. Colliers experts estimate that in 2023 investment volumes in CEE could reach between 7.0 and 10.0 billion euros. This follows from a study by Colliers, a leader in the provision of diversified professional services in the field of commercial real estate and investment management.

Lack of offices. Especially the top ones are missing

A total of 22,700 square meters of new office space was completed in the capital city of Prague during the second quarter of this year. The vast majority of them, 21,500 square meters, are located in the DOCK in Five administrative building, which was built by the Crestyl group in Prague 8 as part of the DOCK complex. This year, she also started the construction of the first two administrative buildings in the HAGIBOR project, in which 95,000 square meters of offices will be gradually built along Vinohradská trýda in Prague 10 in a total of six buildings.

Developer CTP ceremoniously launched the construction of a highly modern office building worth 1.5 billion crowns, thus completing the revitalization of the Ponávka area

Developer CTP ceremoniously launched the construction of a highly modern office building in the presence of Brno Mayor Markéta Vaňková, 1st Deputy Mayor Petr Hladík, Brno Deputy Robert Kerndl and City Councilor for Transport Petr Kratochvíl. The building for 1.5 billion crowns will complete the first stage of the development of the Ponávka complex in Brno and will offer its tenants the most modern technological and at the same time ecologically sustainable solutions. A modern city park for 30 million crowns is also being created in the area, which is a collaboration between the developer and the city of Brno, as well as the third part of the bike path connecting the Ponávka and Vlněn areas.

This will be the offices of the future: flexible, intelligent spaces in a passive green envelope

An office building today is not just a reinforced concrete skeleton filled with glass panels. The building itself and its equipment enable the use of functions unsuspected at first glance, which provide a new dimension of comfort to its users. They allow you to adjust the temperature or the color of the light in the room, rebuild your office according to your wishes or find a colleague without running around the office.

CA IMMO registers a significant demand for premium offices: Two of its buildings in Prague are fully leased

• Less than a year after the first tenant moved in, the Mississippi House and Missouri Park office buildings on the River City Prague office campus are fully occupied • 18 concluded lease transactions with a total of 16,200 m2 of modern administrative space in the Prague portfolio of CA Immo during the first 5 months of 2022 • As companies struggle for the best brains, the trend toward the highest quality offices is growing

Crestyl completed an extensive DOCK project in Liben, Prague, and the last building was approved

- After fifteen years, the Crestyl Group has completed its extensive DOCK district, which grew up around two blind branches of the Vltava in Liben, Prague. The capital thus gained a new revitalized location, which completed the face of the metropolis. In May, the very last building was approved - the DOCK IN FIVE offices. A year ago, a one-hectare park opened right on the premises, residential buildings were completed and apartments were sold out a year earlier. In the just completed last office building, 70% of the space is currently leased, all other office buildings are fully occupied by tenants. The entire DOCK project includes a total of 120,000 m2 of commercial and residential space. In addition to apartments, offices and the park, the campus also includes restaurants, cafes, shops and services or a yacht club with a marina.

UBM strengthens sustainable construction: it is also preparing projects with wooden structures in the Czech Republic

The year 2021 was very successful for UBM Development Czechia. It sold three projects (in Prague, Lipno and Karlovy Vary) and also approved the Astrid Offices projects in Holešovice, the Andaz Prague Hotel on Senovážné náměstí and the Neugraf residential project in Smíchov. This list also includes the start of construction of an extensive residential project Arcus City in Prague-Stodůlky, where it also directly opened a sales center. This year, UBM will start construction of the next stage of this project. At the same time, they are negotiating new acquisitions. Following the example of the Austrian parent company, it is going to use ecological wooden constructions of houses and prepare a pilot housing project in the Czech Republic.
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