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Articles - commercial property

The largest development project in Prague is starting. A new district with a kilometer-long boulevard will be built in Smíchov

The former freight station in Smíchov is starting to change. Practically in the center of Prague, a new "city within a city" is to be built within 12 years, which will include apartments, offices, retail space, and public spaces, including a kilometer-long pedestrian boulevard. The plans also include two parks, each the size of the Old Town Square. This is currently the largest development project in Prague.

PASSERINVEST GROUP and UniCredit Bank extended the lease until 2033

The extension of UniCredit Bank's lease to 23,700 m2 in the Filadelfie office building in Prague's BB Center is one of the largest lease transactions in 2020. This year, the bank built a modern office concept within its headquarters - Smart Office, which allows it to optimize leased premises in line with current and future trends.

Online Real Assets PropTech to close circle by offering 360⁰ digital services to asset managers in CEE

First digital PropTech Start-up Hub in CEE Online Real Assets (https://www.onlinerealassets.com), is completing its 360⁰ digital services to landlords and asset managers, by integrating brand new digital asset management tool, through its joint-venture with Assetti (https://assetti.pro).

Prospective small businesses can improve and move to better offices with more favorable conditions

In the last month alone, the vacant office space offered by tenants for sublease has approximately doubled (from 50 to 100,000 m2). This is a unique opportunity, especially for small companies with up to 50 employees, which can now afford prestigious "A" offices commonly intended for larger corporations due to the coronavirus crisis. And under very advantageous conditions, often with a better price or higher flexibility of commitment compared to standard five-year contracts.

J&T Real Estate discusses the sale of Rustonka offices

Representatives of the development and investment company J&T Real Estate are discussing the sale of the Rustonka office project on the border between Libeň and Karlín. For E15, Jiří Ochec from the J&T Communications Department said this. “We are considering selling Rustonka. I can't confirm any more information, ”Ochec explained.

The Science of Workplace Design by WeWork

KNOWN FOR CAREFULLY designed workspaces with distinct areas for focused thought, group brainstorming, recreation and relaxation, WeWork manages 287 office locations in 77 cities worldwide. While WeWork started in 2010 by providing collaborative space for freelancers and startups, the company’s fastest-growing segment today is enterprise members: businesses with more than 1,000 employees that seek dynamic design and greater flexibility. Large companies can choose from a variety of spaces in a WeWork location, or take advantage of WeWork’s Powered by We offering, in which WeWork designs, builds and operates a space specific to a company’s needs.

Futureal Group exits ParkLake retail scheme

Futureal Group has exited its €19m mezzanine financing provided to Caelum Development for the development of ParkLake shopping centre in Bucharest, Romania.

With eight new acquisitions, IMMOFINANZ extends its STOP SHOP portfolio to 80 locations

IMMOFINANZ continues to expand its successful portfolio of shopping centers under the brand STOP SHOP and has now purchased eight shopping centers in Slovenia, Serbia and Croatia. The total purchase price is approximately € 90.5 million.

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