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Articles - commercial property

Trade for more than a billion. Penta, Kaprain and Sekyra bought land on Victory Square

A consortium of Penta Real Estate, Kaprain Group and Sekyra Group bought land from the University of Chemical Technology (VŠCHT) in the western part of Vítězné náměstí in Prague 6 for an amount just over one billion crowns. It acquired a total of 20,122 square meters, ie the majority of the buildable area of the so-called fourth quadrant of Vítězné náměstí between Evropská and Jugoslávských partizánů streets. Penta said this in a press release.

The reconstructed Building B in Prague's BB Center has been inaugurated

"Building B was the last renovation that had to be completed so that in our portfolio we had only top offices equipped with the latest technologies that also meet the requirements for sustainability. Part of our philosophy is also building a quality public space, so as part of the reconstruction, we also built an open atrium with wooden seating, greenery and a water feature and a new Ellen G. White Square with mature trees and a jet fountain. Our goal is to provide tenants with a quality background so that they feel comfortable with us during and outside working hours, ”said Vladimír Klouda, Executive Director of Passerinvest Group.

ČMN expands its portfolio with three office buildings

Českomoravská Nemovitostní (ČMN) is expanding its portfolio with three properties in Karlín, Prague. It bought the office buildings of Zirkon, Apeiron (Rubín) and Corso Karlín with a total area of more than 30,000 m2, standing right next to the Křižíkova metro station. The transaction was financed by Raiffeisenbank.

PASSERINVEST GROUP has invested more than a quarter of a billion crowns in the development of the public space and the pleasant transformation of BB Centrum

PASSERINVEST GROUP, the investment company and Czech builder behind the creation of BB Centrum (Brumlovka) in Prague 4, invested more than a quarter billion crowns in the modification and construction of the public space in 2020 and the first half of 2021. The amount of CZK 275 million crowns, without any state or other subsidies, was used for, among other things, repairs to Želetavska Street, the construction of the new Náměstí Ellen G. Whiteové, the installation of the moving sculpture “Brouk” (Beetle) and the reconstruction of Balance Club Brumlovka. In this way, the company is fulfilling its philosophy to build a sustainable, and environmentally- and user-friendly environment, which has been part of the company’s DNA from the very beginning.

CBRE: How is the Czech commercial real estate market changing and what are its prospects?

• There are clear signs of recovery in the market. The volume of investments in commercial real estate in the Czech Republic is growing. • This year, the industrial real estate sector will record the historically highest volume of demand. • The multifamily segment with rental housing products is included in the course. • The interest of international investors in Czech assets remains strong.

The new Hagibor district in Prague will be expanded with offices, and the Czech News Center media house will move in

Developer Crestyl presented the administrative part of the new Hagibor district in Prague, next to the Želivského metro station. A total of six office buildings will be built here. The first stage includes two administrative buildings that will offer 31,000 m2 of space for rent. Of this, almost 9,000 m2 will be occupied by the Czech News Center media house, which will move its headquarters here. The construction of the first office stage, in which, in addition to Crestyl, EP Real Estate also participates, will begin this year. Its completion is planned for the end of 2023. As part of the Hagibor project, a total of five residential houses are gradually growing under the leadership of Crestyl - two of them are already nearing completion, construction of the third will begin this year. Everything connects the square and the central pedestrian boulevard with shops and restaurants, which leads from the exit of the metro. The cost of the entire project will exceed nine billion crowns.

The construction of Rohan City is a reality. Sekyra Group lays the foundation stone

After thirteen years of preparations, the developer Sekyra Group is starting to change Rohanský ostrov in Prague. In mid-September, he will lay the foundation stone of the first stage, which includes two office buildings and two apartment blocks. Over 3,200 flats, eight administrative buildings and a primary school will be built on twenty hectares. The capital will then have to solve a park on another ten hectares of the development area and the connection of Karlín with Holešovice by the new Rohan Bridge.

Hybrid working is staying with us

87% of respondents believe that the physical office is essential for successful business operations, reveals a survey conducted by real estate advisory firm Savills. Additionally, 54% of respondents feel that the hybrid model combining working from home and the office is the best for their health and well-being.

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