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Articles - Office project

Fait bought the Prague Airport Business Center from Immofinanz

The Austrian company Immofinanz sold the Prague Airport Business Center to the investment fund Jet Industrial Lease (JET) of the Brno billionaire Igor Fait. This is according to today's press release of the law firm bpv Braun Partners, which advised on the sale, and the press release of Jet Investment. The parties did not disclose the value of the transaction. Billionaire Radovan Vítek is interested in taking over Immofinanz.

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CBRE analysis: Last year, 29 new brands entered the Czech Republic, the most in the last three years

An analysis by CBRE, a world leader in commercial real estate services, shows that despite the ongoing covidu-19 pandemic, new brands are still coming to the domestic retail market, in unprecedented numbers. There were 29 of them last year, which represents a year-on-year increase of 26%. This result is even significantly better compared to the ancestor year 2019. The main event last year was the Prague premiere of the Irish clothing and accessories store Primark on Wenceslas Square, and from the perspective of the High Street the opening of the Versace Italian luxury fashion boutique in Pařížská Street. With regard to the emerging trends, the opening of the so-called phygital store (from the English words physical and digital) of the partner companies eobuv.cz and Modivo in Smíchov, Prague, can also be considered a turning point. The new store, offering a wide range of products in the field of fashion, footwear and accessories, uniquely combines the advantages of the stone shop with the comfort of e-shops and is a harbinger of shopping in the near future.

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UBM Development Czechia has sold the Astrid Offices office building. The new owner is the investment group Portiva

UBM Development Czechia, which completed and approved the Astrid Offices office building in Prague's Holešovice in May, sold it to the PORTIVA investment group. Both parties have decided not to disclose the amount of the transaction. The property, which has 4,300 m2 of office space and 440 m2 of retail space on the ground floor, is now fully leased. Since December, it has also become the headquarters of UBM Development Czechia, which has moved here from its offices in Liben.

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HolKa will connect Holešovice with Karlín and at the same time revive the Vltava embankment

The long-awaited HolKa footbridge construction project will make it easier for pedestrians and cyclists to move between the two dynamically developing districts of Prague. At the same time, it activates the creation of follow-up projects of the capital and private investor CA Immo, which will contribute to the attractiveness of the Vltava embankment in the area of Rohan Island.

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PPF Real Estate for the first time in Poland. PPF bought the New City office complex in Warsaw

The real estate division of the PPF Group has experience with the international company Hines from London and Moscow. PPF Real Estate is newly buying the New City office complex from Warsaw, thanks to which the company is expanding its operations to Poland. The value of the transaction was not disclosed after the agreement of both parties.

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Czech and British urban planners have won the competition for the transformation of Florence, and several parks are planning

A future consortium of predominantly domestic studios will determine the future shape of the area around the transport hub at Florence and Masaryk Railway Station. The winners of the urban design competition announced by investors Penta Real Estate and ČSAD Praha holding in cooperation with the capital are UNIT architects and studio A69 together with a London company with Slovak roots Marko and Placemakers. It specializes in urban regeneration and sustainable planning.

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Is investing in green office building certification worth it? CBRE's analysis shows their impact on rent and occupancy

More than 40% of all office real estate on the domestic market is certified by one of the internationally recognized systems that confirm its sustainability: the British BREEAM or the American LEED. In this respect, the Czech Republic, together with other countries in the CEE region, ranks among the champions of the whole of Europe - the average is around 20%. Much has been written about the positive impact of certified buildings on the health and well-being of employees, minimizing environmental impacts and saving operating costs. However, one question remained unanswered: how is the certification of office buildings really reflected in their performance, ie prices per square meter of rented space and occupancy? CBRE, the world leader in commercial real estate services, is now providing the key answer. It is based on an analysis of almost 22,000 leases concluded in the last five years in 12 European countries, including the Czech Republic.

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The future of Florence. Take a look at the finalists of the competition for the next stages of Masaryčka

While the first stage of the magnificent Masaryčka project by Zaha Hadid, built by Penta Investments next to Masaryk Railway Station, is gradually growing floor by floor, the second part, which includes the area around the main road and Florence, is still waiting for a plan for further development.

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