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Articles - commercial property

Crestyl refinanced the office project DOCK IN, German banks are investing over 3.3 billion Czech crowns

pbb Deutsche Pfandbriefbank (pbb) and Helaba have jointly underwritten an investment facility, totalling €130 million to refinance “Dock In Office Park” (4 buildings) in Prague for Crestyl Group. pbb and Helaba are acting as joint lead arrangers providing equal portions of the funding. pbb also acted as facility and security agent of the transaction.

CA IMMO rented another 1,400 m2 in the Missouri Park office building in Karlin

• The new tenant is the law firm, Allen & Overy • The Mississippi house and Missouri Park are scheduled for completion in July • Both buildings meet not only the standards for WELL Core & Shell and LEED Platinum certifications but also WELL

Crestyl finishes an extensive DOCK project in Liben, Prague, and the last building is being built

The Crestyl Group is completing its DOCK district, growing around two blind branches of the Vltava in Liben, Prague. The last building is currently under construction - the DOCK IN FIVE office. Work is also finishing on the hectare park directly in the area, which will be completed and opened during the spring months. The residential buildings are all completed and the apartments are sold out. Similarly, all completed office buildings are fully occupied by tenants except for the last few meters. Completion of the last DOCK IN FIVE office building is scheduled for the second half of 2022. It will offer approximately 21.5 thousand m2 of office space and retail space.

Safety rules in office buildings matter a lot in the rental decision – an interview with Adriana Drăgoescu, CEO, RPHI Romania

"The pandemic has changed our perspective and needs, and from 2020 the safety norms implemented by office buildings matter a lot for tenants in the decision to rent new spaces," says Adriana Dragosescu, CEO, RPHI Romania. She told us in an interview that the measures, efforts and strategy of an office building on safety rules will most likely be in the top three criteria in making a decision.

The Masaryčka construction has kicked off

First stage of the Masaryčka project building works have begun upon receiving a building permit about a month ago

The growth of empty offices does not threaten the market

The largest and historically first real estate fund on the domestic market has been operating for 14 years and manages assets worth 31.5 billion crowns. ČS real estate fund, managed by the investment company REICO České spořitelny, offers small savers the opportunity to participate in income from investments in office buildings, shopping centers or industrial areas that would otherwise be unavailable to them. Like other real estate funds, it now has to deal with a pandemic crisis.

Bicycle paths to be built around Prague city centre

Plans for building a bicycle path in Prague have been approved by the capital and it will reportedly be the longest one in the city.

Offices are a place to build a community

After a year of fighting the pandemic, we are reaching a turning point, according to a JLL study. Covid 19 has transformed the world in a way that will affect business many decades ahead and adjust the traditional conditions of where and how we work. It turns out that approved vaccines are a promise for a return to normal life, but it will be different, and the question arises as to what our world will look like and how companies are preparing for it.

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Jana Hrda

+42 191 916 4778

Tereza Matejkova

+42 021 001 2566


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