Scott.Weber Workspace continues to expand and consolidate its position as a leader in the flexible workspace and coworking market. This fall, it will expand its premises at the existing Churchill location near the Prague Central Station, while using the premises of Deloitte, and at the beginning of 2025 at the DOCK location in Prague 8. Next year, it will also open new serviced offices and coworking in the premium new PernerKa building in Prague's Karlín and in the intelligent ORGANICA building in Ostrava, then in 2027 in the exclusive location of Dornych near Brno's main railway station. Scott.Weber Workspace will thus already operate 17 centers in which it combines a first-class working environment with a wide range of services inspired by the standards of top hotels, thereby providing a comprehensive positive experience for office space users.
After years of depression, the domestic real estate market is starting to revive. In recent months, the Komerční banka building on Wenceslas Square, the Palác Pardubice shopping center have already been sold, and there is even a gem for sale in Na Příkopě Street: the Myslbek commercial and office building.
In three years, the surroundings of Smíchovský nádraží in Prague will change beyond recognition. Today, there is a huge construction site where construction is taking place in parallel under the direction of private and public investors. Their representatives officially presented the next stage of the Smíchov City project on Wednesday.
Construction activity is beginning to move to the desolate southern part of Prague's Smíchov. Developer Sekyra Group is launching the second stage of its extensive project for the new Smíchov City district here. Within a few years, three administrative buildings should be built here, including the new headquarters of Česká spořitelna and a hotel. The private project for a total of 35 billion crowns will be followed up by the city and the Railway Administration, which are working here to modernize the railway and build a new transport terminal. Public investments will reach another fifteen billion crowns.
Prague will buy the company VN 42, which owns an office building on the corner of Wenceslas Square and Štěpánská Street, from Komerční banka (KB) for approximately 3.5 billion crowns. The city councilors approved it. The municipality plans to move officials from the Škoda Palace in Jungmannova street to the building, where it is leased until the end of March 2028.
Billionaire Radim Passer is changing the face of another Prague location. After Brumlovka, which he has been continuously developing for over a quarter of a century, his development company Passerinvest completed its initial project in nearby Roztyly – the Roztyly Plaza administrative building.
Last year it became clear that Prague is not only a dynamic European city, but also the second most active market for flexible offices after London. Metropolises such as Warsaw, Amsterdam and Madrid followed at a distance. This success only confirms the growing attractiveness of flexible offices in the region. Moreover, according to the real estate consulting company CBRE, the world leader in the field of commercial real estate services, the positive trend will continue this year as well.
The international law firm CMS and the European Investment Bank (EIB) have rented office space in the newly renovated Palác Dunaj building on Národní třída. The total occupancy has now reached almost 80%. Only one floor of offices and retail units on the ground floor of the building remain vacant, though negotiations with potential tenants are already underway here as well.
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