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Articles - office building

The gap in the center of Brno will be filled by an administrative building with a green roof

The vacancy created by the demolition of a vacant apartment building on the corner of Milady Horákové and Koliště streets in the center of Brno will be filled in two years by an administrative building with a roof garden. The development company Trikaya named the project Landmark and wants to start construction in the first half of this year. This was stated by a representative of the development company for ČTK.

Palác Dunaj to be the new seat of the European Commission Representation and European Parliament Liaison Office in the Czech Republic. It will include a visitor centre for the public

Palác Dunaj to welcome prestigious majority tenants. Zeitgeist Asset Management is behind the rapidly-progressing reconstruction of this iconic constructivist building in the centre of Prague on Národní třída. It has concluded a rental contract for 2,600 sq m of premium space with the European Commission Representation and European Parliament Liaison Office. The new premises will become a hub to obtain up-to-date information on what is happening in the EU, for gatherings to discuss European issues, and to further learning on the European Union. The interactive "Europa experience" centre to the general public will be a new feature, with the aim to bringing Europe closer to citizens in an attractive and engaging way.

The pandemic has helped shared coworking offices, attractive locations are occupied

Coworking and flexible offices are one of the few industries that have been significantly boosted by the coronavirus pandemic. Although HubHubu, the operator of two shared spaces in Prague, had its occupancy reduced to 50 percent during the strictest closures, this year it is reporting that it is practically occupied. One of the reasons is the hybrid work style, to which a significant part of companies have reoriented. Instead of startups, flexible offices are increasingly being rented by larger companies as well.

According to the prestigious CIJ Awards, DOCK IN FIVE became the best administrative project of the year

At the end of last week, the Crestyl Group won the award for the best office project in the 22nd CIJ Awards, for the DOCK IN FIVE administrative building. It was approved in May of this year and is the last part of the now complete DOCK district, which has grown up around two blind branches of the Vltava in Prague's Libni. The CIJ Awards are the longest running awards in the field of commercial real estate in the Czech Republic and are also awarded in other countries of Central and Eastern Europe.

Passerinvest supports the cultural and social development of the Prague 11 city district in the amount of CZK 1 million

This year, Passerinvest Group, a.s. (hereinafter referred to as Passerinvest), which has long been developing the locality in the vicinity of the Roztyly metro station, contributed a generous amount of CZK 1 million to the support of cultural/social events of the Prague 11 city district. The events are open to the general public and their programme is always very diverse, from concerts of various genres and exhibitions to workshops and programmes for children.

The "Best of Realty" competition announces its 24th annual winner

On Tuesday, November 15, 2022, at a gala evening in Prague's Karlín Forum, the results were announced and awards were presented to the best projects of the Czech real estate market for the past year. The winners of the 24th edition of the "Best of Realty" competition were decided by a nine-member expert jury headed by Tomáš Drtina, vice president of the Association for the Development of the Real Estate Market (ARTN). Out of the five dozen nominees, this year's awards went to projects across the entire Czech Republic. The traditional glass trophy traveled to, for example, České Budějovice, Hradec Králové, Kojetín, Lipno nad Vltavou, Opočn, Ostrava, Prague or Pilsen.

Prague office market grows by 21% in 9 months

The Prague office real estate market reached several records in the first nine months of 2022. It marked year-on-year records in the growth of new office space, record demand from tenants, and even much more office space was leased this year than a year earlier, according to JLL's regular quarterly analysis.

Vítkova's CPI Property Group sells more than fifty properties to Immofinanz

The real estate company CPI Property Group (CPIPG) of billionaire Radovan Vítek is selling 53 retail properties in the Central and Eastern European region to the Austrian real estate company Immofinanz, of which he is the majority owner. The price is 324.2 million euros (almost eight billion crowns).
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