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Articles - commercial property

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.

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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.

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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

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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.

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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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Year-round volume of investments in commercial real estate in Central and Eastern Europe increased by 6% year-on-year in 2021

The construction, operation, financing, development and acquisition of commercial real estate in 2022 and beyond will continue to be affected by the prices of fuels, energy and building materials. Added to this are problems in supply chains, nearshoring operations and rapidly rising inflation. The Colliers CEE Investment Scene 2021/2022 study predicts that these factors will have a direct impact on sales prices and rents.

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The Bohdalec Quartet residential project has a rough construction completed

JRD Development, a member of the JRD Group, has completed the rough construction of the Bohdalec Quartet energy-saving project. The residential area includes 183 apartments with a healthy indoor environment, 5 commercial spaces and a ground floor with a playground and designer furniture. Commissioning of the project, on which the developer is cooperating with the RSJ investment group, is planned for the beginning of 2023.

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Savills: The volume of real estate investments in the Czech Republic recorded the highest quarterly value in the last two years

According to the latest Savills report, the last quarter of 2021 was the busiest quarter of commercial real estate investment in the Czech Republic. 30 transactions with a total volume of more than EUR 628 million were closed. This was the highest quarterly real estate investment since the first quarter of 2020, and an improvement of 23% over the fourth quarter of 2020.

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