Almost two thousand people. Last March, the technology company Avast sent so many employees to the home office. Along with this decision, it also closed all its offices around the world.
At the beginning of the year, it seemed that many coworking centers or shared offices could not survive the measures associated with the Covid-19 pandemic. It was on shared workspaces, whose philosophy is based on meeting, personal communication and cooperation, that the constraints fell very hard. However, as the results of the June analysis of the consulting company BNP Paribas Real Estate show, this spring most of the operators of coworking and serviced offices felt a new wave of interest.
Dutch studios Benthem Crouwel Architekten and West 8 have won the competition to design a new central railway station for Brno, in what was the largest architectural competition in the history of the Czech Republic
Gross take-up on the Prague office market in Q2 2021 amounted to 89,300 sqm, representing a 5% decrease on the previous quarter but a 10% increase in a year-on-year comparison. The Prague Research Forum has published the office market figures for the past quarter.
According to the international real estate consulting company Savills, companies looking for first-class office space on the European market will face a high degree of competition, despite the fact that the construction of new office space is the most active in the last five years. According to Savills' European Office Development report, the new office space to be completed in the region this year will provide 26% more space than in 2020.
The coronavirus pandemic significantly affected office work. According to the Prague Research Forum, the share of vacant office space in the total supply in Prague increased from 6.98% at the end of 2020 to 7.6% in Q1 2021. The vacancy rate increased by 220 basis points year-on-year and reached the highest value since 2 quarter of 2017. However, not all office centers have struggled with the outflow of demand in recent months. At the time of the coronary crisis, both the landlords' approach to their tenants, who eventually got into trouble, and the famous ratio between quality and price played a key role. And in these respects, Class B offices often came out victorious. For example, Nagano Park, an administrative complex in Prague 3 - Třebešín, under the management of Geosan Development, recorded an increase in occupancy from 89.95% in February 2020 to the current 93.94%. New tenants include, for example, the state-subsidized organization Service Facilities for the Ministry of the Interior or Advande Labs.
The Polish company Business Link, which deals with the rental of jobs in shared premises, has sold its Holešovice office building to Scott.Weber and is thus ending up in the Czech Republic. The price of the transaction was not disclosed by either party. Hospodářské noviny informed about it.
The Penta group closed the pandemic year of 2020 with a net profit of 134 million euros, while total assets of the portfolio companies reached 11.1 billion euros. Despite the pandemic, Penta invested 419 million euros in Capex for the development of its companies and projects. The group employs more than 43,000 people and has paid a total of 243 million euros in income tax and other social contributions.
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