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Articles - office buildings

The Roztyly Plaza office building has its foundation stone

The construction of the new Roztyly Plaza office building was symbolically started today with a ceremonial tapping of the foundation stone. Work is currently underway on the construction of underground floors with a capacity of 330 parking spaces for tenants and another 100 spaces for P + R car parks. The seven-storey building will offer for rent an office with a total area of 21,700 m2 and business units on the ground floor, which will be occupied by a canteen and there is also a grocery store or drugstore. The construction also includes the modification of the immediate surroundings - the bus terminal will be modernized, the ground floor will be modified and the asphalt will be replaced by a Prague mosaic enabling water seepage.

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Investment market in the Czech Republic in Q1 2022

INVESTMENT MARKET: 1ST QUARTER 2022 • In the first quarter of 2022, the volume of investments in the Czech Republic Republic worth € 898 million, which represented year-on-year increase of 210%. No transaction Residomo, which was concluded in the 1st quarter of 2020, the volume of investment would be in the 1st quarter of this year, the highest since the 1st quarter of 2019. • Although the number of transactions concluded during the 1st quarter significantly decreased, the average transaction size compared to average of more than doubled in the previous 12 quarters. • The office sector regained its dominant position and accounted for 58% of investment in Q1. Activity has also increased in the retail sector, where value investments accounted for 29% of the total quarterly volume. Share industrial assets fell to 14% in the first quarter. • With transactions worth € 519 million, it attracted the most capital in the 1st quarter of Prague, where five transactions were concluded. • They mainly contributed to the total volume of transactions domestic investors who acquired five properties worth more than € 435 million (48% of the total), followed European investors (39%). • After a slight correction in industrial real estate income and offices in the 4th quarter of 2021 remained yieldy in the first three months of 2022 in all sectors unchanged

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The attractiveness of regional office markets is rising

Colliers, a leading company providing diversified professional services in commercial real estate and investment management, has published a regional office market survey for 2021. According to him, the importance of regional cities will continue to grow, both due to lower price levels and the emergence of new quality office space. Last year, gross annual demand began to grow again after a period of stagnation, both in large centers such as Prague, Brno and Ostrava, as well as in regional cities.

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UBM strengthens sustainable construction: it is also preparing projects with wooden structures in the Czech Republic

The year 2021 was very successful for UBM Development Czechia. It sold three projects (in Prague, Lipno and Karlovy Vary) and also approved the Astrid Offices projects in Holešovice, the Andaz Prague Hotel on Senovážné náměstí and the Neugraf residential project in Smíchov. This list also includes the start of construction of an extensive residential project Arcus City in Prague-Stodůlky, where it also directly opened a sales center. This year, UBM will start construction of the next stage of this project. At the same time, they are negotiating new acquisitions. Following the example of the Austrian parent company, it is going to use ecological wooden constructions of houses and prepare a pilot housing project in the Czech Republic.

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Year-round volume of investments in commercial real estate in Central and Eastern Europe increased by 6% year-on-year in 2021

The construction, operation, financing, development and acquisition of commercial real estate in 2022 and beyond will continue to be affected by the prices of fuels, energy and building materials. Added to this are problems in supply chains, nearshoring operations and rapidly rising inflation. The Colliers CEE Investment Scene 2021/2022 study predicts that these factors will have a direct impact on sales prices and rents.

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Large transactions have returned

Large transactions returned to the Czech real estate market. The first quarter of this year was the strongest in the commercial real estate investment market in the last few years. The market thus returned to pre-pandemic levels. The confidence of domestic investors is also constantly growing. However, the impact of the war in Ukraine and the expected stagflation of the Czech economy remain largely unknown.

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CSG will relocate to a tailor-made project from developer J&T

Czechoslovak Group (CSG) will change its headquarters and move to a completely new building from J&T REAL ESTATE CZ, which it will have furnished exactly according to its needs. The Karlín premium project Red Court designed by CMC Architects was acquired by the tenant a year before its completion.

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Which metropolis offers advantageous conditions for renting an office? CBRE's analysis provides a major Central European comparison

European markets, including the domestic one, entered the new year with a renewed appetite for new office space. And people are gradually returning to their current ones from work at the home office. During the year, therefore, we can expect a further inclination of companies towards a hybrid model of work and at the same time a greater demand for flexible solutions and high quality of the indoor environment. The common office will remain irreplaceable even if the way it is used changes. The reasons have already been tested by time and personal experience: corporate culture is formed here, values are consolidated and it is a place of spontaneous interaction, communication and cooperation. However, what conditions are currently waiting for tenants in the country or neighboring countries? CBRE, the world leader in commercial real estate services, offers an interesting comparison in terms of new construction, rent and occupancy of office real estate.

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