The development company UBM Development Czechia published its results for the first half of this year. The company was successful in all real estate segments in which it currently operates on the Czech market: in the segment of housing, offices and hotels. UBM's strategy in the coming years is to focus mainly on residential construction, especially in Prague.
Due to the coronavirus pandemic, the Open House Prague Festival took place again this year, this time from 2 to 8 August 2021. The weekly accompanying program offered a number of events that introduced architecture to visitors in an unconventional way. People could sail on the Vltava paddle steamer, take the Kotěr tram with an explanation by architect Zdeněk Lukeš, enjoy a unique composed evening with contemporary dance and an evening tour of Laichter's house, or take part in a debate and film screening on abandoned buildings right on the grandstand of the Great Strahov Stadium. There was also interest in the tour and discussion, which presented the course of the reconstruction of Zenger's transformation station, the future headquarters of the Kunsthalle Prague in Klárov. During the week, other guided tours and walks were prepared, for example on the occasion of the 130th anniversary of the Prague Exhibition Grounds, 150 years since the construction of the Gröbe Villa in Havlíčkovy sady or 150 years since the arrival of the first train in Prague. "We were surprised by the great public interest in the accompanying program of the Open House Prague 2021 festival," says director Andrea Šenkyříková, adding: "The events were intended for a limited number of people, and despite the fact that we were already fully booked at the beginning of the festival week. "
A total of 1,000 sqm of office space in the Mayhouse building in Pragueʼs Pankrác district has been leased to two new tenants: RTB Media and Capgemini Czech Republic.
The office market is one of the areas most affected by real estate pandemics. It is not yet clear how many people will return to the offices and what proportion of companies will require "pre-fashion" attendance from their employees. Investors and operators of coworking centers are venturing the opportunity to cut a larger share of the market.
Since property asset managers deal with several types of property data and data entries on a regular basis, compromised data quality – whether it’s obsolete, incomplete, inaccurate, or contains errors – is a common issue. This isn’t a problem specific to real estate property management, it’s a problem with data management in general.
According to JLL, the demand for flexible spaces will increase by 300% due to Covid-19. The needs of clients have changed significantly and flexibility and other services are the main criteria according to which the client chooses today. Landlords and investors need to adapt their concepts accordingly. New Work - one of the leading flexible office operators in Central and Eastern Europe - is launching its franchise concept in response to these needs.
The year 2021 brings new work trends, which, together with the potential relaxation of measures, will soon be reflected in the form of leases and the use of office space. According to experts from Business Link, the offices will become primarily a meeting place for collaborative work and the emphasis will be on new contactless technologies. Companies will continue to look for new flexible solutions for running their offices.
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