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Articles - Office project

Penta withstood the crisis year of 2020 successfully

The Penta group closed the pandemic year of 2020 with a net profit of 134 million euros, while total assets of the portfolio companies reached 11.1 billion euros. Despite the pandemic, Penta invested 419 million euros in Capex for the development of its companies and projects. The group employs more than 43,000 people and has paid a total of 243 million euros in income tax and other social contributions.

Contera will build an intelligent Organica office building in the heart of Ostrava

State-of-the-art technology, including intelligent building control, quality architecture, BREEAM Excellent certification and a prestigious address in the newly emerging city center. These are the most interesting attributes of the Organica building, which is being built by the development company Contera in Ostrava. After completion in 2023, TietoEVRY, an international provider of IT services and one of the largest employers in the Moravian-Silesian Region, will lease a significant part of the building. But Organica will offer users and visitors much more.

Crestyl refinanced the office project DOCK IN, German banks are investing over 3.3 billion Czech crowns

pbb Deutsche Pfandbriefbank (pbb) and Helaba have jointly underwritten an investment facility, totalling €130 million to refinance “Dock In Office Park” (4 buildings) in Prague for Crestyl Group. pbb and Helaba are acting as joint lead arrangers providing equal portions of the funding. pbb also acted as facility and security agent of the transaction.

The Astrid Offices project from UBM receives completion certificate

UBM Development Czechia has successfully completed and approved the Astrid Offices office building in Holešovice, Prague. Companies that have chosen it as their headquarters will operate here from July. This includes UBM employees who move here from offices in Liben. Astrid Offices now leases more than 50% of its space.

Bastion Florenc - a new building on the border of the center of Prague and Karlín is under construction

ČSAD Praha holding a.s. announces that the construction of the BASTION FLORENC commercial administrative center has recently started on its land. With its name, the building located in the very heart of the Prague crossroads refers to the foundations built above the former baroque fortifications of Bastion XXII. The beginning of the construction dates back to 1648, when the Prague fortifications began to be built and were completed in 1679.

Developers of office buildings in Prague have changed their deadlines

Up to 700,000 m2 of new offices could be added to Prague by 2025. Currently, about a third of this volume is in the construction phase. However, due to the prevailing slowdown in demand and the growth of vacancy in both existing and new office space, many developers are adjusting their plans: they are postponing the start of construction and slowing down implementation. Others are considering the future use of projects from purely administrative to a mix of office, residential and retail space.

Building B welcomes new tenant - the Centre of Shared and Technology Services of the world’s largest brewer, ABInBev

Building B in Prague’s BB Centrum has acquired another tenant. This March, ABInBev, the largest brewer in the world, owning brands such as Stella Artois, Leffe and Corona, headquartered its global shared service centre here on an area of more than 7400 m2. The owner and manager of the building is the Passerinvest concern.

Czech year on year investment volume falls by only 8%

A total investment volume of €290 million was transacted in the Czech Republic during the first quarter of 2021, according to Savills latest research. Without the exceptional €1.3 billion Residomo portfolio sale transaction, the investment volume was only down by 8% y-o-y.
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