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Articles - lease transaction

Offices are still in lead

After several months of waiting, there is again interest in commercial real estate. Investors in the Czech Republic poured 678 million euros (17.5 billion crowns) into them during the first half of the year, ie a fifth more than in the same period last year. The market is spinning, albeit gradually.

Open House Prague 2021 starts. Have a look at normally inaccessible buildings

Due to the pandemic, the term Open House Festival was postponed to summer. Dozens of inaccessible buildings open to the general public on the weekend of August 7 and 8, 2021. The festival week starts on Monday, August 2, to offer those interested in architecture a number of interesting accompanying events.

End of the Business Line in the Czech Republic. The only offices sold by Scott.Weber

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.

Real estate investors are looking for opportunities in the regions

The activity of real estate investors fell to the lowest values since 2013 in the first quarter of this year. The owners changed their commercial (and residential) buildings for EUR 310 million. Rather than the effects of covid measures, the result was affected by the lack of quality real estate to buy.

Changes in lease agreement terms? Start-up leading the way!

Explosion of teleworking, advent of flex-office, new organization of spaces: the place of the office in the post-Covid-19 economy is clearly being called into question.

Alza used empty offices for their reconstruction

Alza.cz used a year-long work from home to complete the reconstruction of part of its headquarters in Prague's Holešovice. Its employees now have a large café for meeting colleagues, a greenspace full of live plants with shared jobs and 42 meeting rooms on an area of over 10,000 m2. One of them is in a restored van Saviem from 1961.

Petr Narwa: The pandemic has disrupted the income of real estate investors

Petr Narwa, Head of Transaction & Consulting Services at Prochazka & Partners, who has long been involved in commercial real estate and investment services, answered the interview. What does Petr say about the current situation in the market, where tenants are currently trying to save as much as possible and where the pandemic has disrupted the income of real estate investors?

Prochazka & Partners: Two thirds of tenants reconsider the traditional model of office operation. Half is waiting for the end of the contract

Prochazka & Partners follows up its spring client research on the future and use of offices. The survey, which takes place during the second lockdown, which the Czech Republic is now facing, was attended by almost 100 companies with a floor area of over 350 thousand. m2 (approximately one tenth of the Prague market). The company most often solves the current crisis by looking for a subtenant (16.5%), reducing office space (11.5%) or negotiating a lease on more favorable terms (8.2%). On the contrary, 9.8% of respondents are thriving and expanding despite the crisis. The rest (54.1%) then waits for the end of the lease, as current conditions prevent them from resolving the situation more effectively.

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Jana Hrda

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