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Articles - office buildings

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.

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Zaha Hadid's Masarycka gains a big tenant. Fio banka will move its headquarters there

The Penta Group concluded one of the largest office contracts in the Czech Republic in recent months. The financial institution Fio banka will move its headquarters to the emerging Masaryčka administrative complex in the center of Prague.

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The developer received a zoning decision for the project of a new district in the center of Pilsen

Developer Ameside a.s. from the Prague group Amadeus Real received a planning permission for the project of a new urban district in the center of Pilsen. He wants to build it for roughly eight billion crowns by 2027 on the site of the House of Culture, which was demolished ten years ago. The company is already working on a project to issue a building permit, which will take several months. He wants to submit the application next year, and construction is to start in 2024. Václav Klán Jr., a member of the board of directors of Amadeus Real Estate, told ČTK today. The territorial decision is not final yet.

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Lack of offices. Especially the top ones are missing

A total of 22,700 square meters of new office space was completed in the capital city of Prague during the second quarter of this year. The vast majority of them, 21,500 square meters, are located in the DOCK in Five administrative building, which was built by the Crestyl group in Prague 8 as part of the DOCK complex. This year, she also started the construction of the first two administrative buildings in the HAGIBOR project, in which 95,000 square meters of offices will be gradually built along Vinohradská trýda in Prague 10 in a total of six buildings.

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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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Czech companies are increasing among innovators on the real estate market

Among the companies offering innovative solutions for the real estate sector, four Czech companies appeared in this year's global KPMG research. In previous years, only one represented the Czechia. This year, the research counted almost 800 innovations, the largest number of which were presented by companies from the Netherlands. Overall, it innovates the most in the areas of digitization, connectivity and sustainability.

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Rents and service fees in Prague offices are rising, but demand is still rising

Colliers, a leading company providing diversified professional services in the field of commercial real estate and investment management, published a survey of the Prague office market for the 2nd quarter of 2022. According to it, the vacancy rate did not change and remained at the same value as in the previous quarter. On the contrary, rents or service fees continue to rise. The volume of net realized demand is nevertheless the highest since the end of 2019.

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Passerinvest completed another acquisition in Brumlovka. He becomes the owner of the Gamma building again

Purely Czech company Passerinvest Group, a.s. (hereinafter referred to as Passerinvest) successfully closed the purchase of the Gamma office project in the Brumlovka administrative center in Prague, where it has been operating for a long time. The building, financed by Raiffeisenlandesbank Oberösterreich, was acquired by Passerinvest from the Austrian real estate group IMMOFINANZ.

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