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Articles - office markets

Passerinvest launches new Brumlovka mobile app

At the beginning of April, Passerinvest Group introduced the new visual identity of the Brumlovka locality. In connection with the newly-chosen communication identity, there was also a redesign of the website and primarily the launch of a new Brumlovka mobile app. The visually pure and user-friendly mobile app offers a comprehensive overview of everything the locality offers the general public. Users who download the app will have access to a map with navigation throughout all of Brumlovka, an overview of the daily menus of the individual restaurants and cafeterias, a calendar of events, a map of parking lots and charging stations, and the offer of sports facilities, parks and playgrounds. Another benefit is the timetable for all the mass transit routes passing through the location. The app also includes the current offer of space for rent.

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.

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.

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.

In the former Tesla Holešovice complex, 150 flats and lofts will be built in the SO-HO Residence

With the construction of the initial stage of the SO-HO Residence project, the largest Slovak housing developer, CRESCO REAL ESTATE, is entering the real estate market in the Czech Republic. For its first-ever residential project in the Czech Republic, the company has chosen the former Tesla Holešovice industrial complex, which will undergo a major transformation. A modern residential complex with almost five hundred flats will be built on the site of the current neglected car park and unused industrial building.

Passerinvest plans to invest CZK 35 billion in this decade

Passerinvest Group (Passerinvest), which celebrated 30 years since its establishment in December of last year, is behind the urban transformation of the Prague locality Brumlovka in Prague 4, which is one of the largest projects of its kind in Central Europe. During this period, Passerinvest’s investment activity has enriched the state coffers by CZK 71 billion. In the last 16 years, it has also been involved in the preparation of the appropriate urban development of Prague - Roztyly. The company plans to invest an additional CZK 35 billion in both locations in this decade. The outlook includes commercial and residential projects, the expansion of civic amenities and publicly-accessible spaces for the general public.

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.

Emerging Roztyly Plaza office building: Inspiring office space right on the subway

Administrativní budova Roztyly Plaza na Praze 4, jejíž výstavba byla zahájena na podzim loňského roku, nabídne k pronájmu kanceláře s celkovou plochou 21 700 m². Za elegantním a designově čistým zpracováním sedmipatrové budovy stojí renomované architektonické studio Aulík Fišer architekti. Velky důraz je v projektu kladen na vytvoření inspirujícího prostředí, ve kterém bude radost pracovat, a setkávat se. Proces pronájmů prostor byl zahájen a již je registrován zájem prvních potenciálních nájemců jak na kancelářské, tak i na obchodní prostory. Budova umí nabídnout velkoplošné kanceláře s výměrou přes 3 000 m2 na jednom podlaží, ale díky flexibilním dispozicím je zároveň možné vytvořit i menší jednotky od 300 m2.
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