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Articles - Office projects

The construction law raises concerns. According to him, he will start to allow himself in July

Construction companies and developers look forward to this date with great uncertainty. From July 1 this year, building authorities will decide on all constructions according to the new building act. Although it came into effect at the beginning of the year for infrastructure and transport constructions, according to him, all other constructions, including large development projects, will also be assessed in the summer.

The regional office market becomes increasingly attractive, attracts by lower prices and greater availability of space

Regional cities in the Czech Republic are becoming an increasingly interesting alternative for investors looking for cheaper, yet high-quality office space outside of Prague. That's according to the latest survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management. According to him, net realized demand in Brno grew by 43% year-on-year, in Ostrava by 127%. At the same time, prices are kept at a level that is one third to one half lower than in Prague. Even more interest in regional cities could be aroused by a better offer of serviced offices, which are of particular interest to established companies on the market in connection with the development of hybrid work and the introduction of hub & spoke or flex & core models.

Recycling Brutalism: The Merkuria building in Holešovice is headed for the final demolition

The development company Skanska has been demolishing the brutalist Merkuria building in Holešovice for a year and a half. The demolition period is indeed atypical, and there is a good reason for it – Skanska decided on a bold plan. In place of large excavators, on-site workers try to find other uses for all the material in the building, be it furniture, blinds, iron or concrete.

Recycling office space? The course includes renegotiations, subleases, reconstruction or serviced offices

The company Savills is monitoring the changes in the approach of companies in relation to renting office space on the Prague market. Current trends are renegotiations, subleases, serviced offices, and there is renewed interest in reconstructed buildings. At the same time, second-hand spaces appear in the search engine of companies, where it is possible to take over a completed and often attractive interior, realized by another company. These changes are happening as a result of insufficient office construction in Prague, which is at its lowest level in at least the last decade. However, even such transactions can have a positive impact within the ESG strategy of companies - some existing buildings after reconstruction can meet the current demanding requirements for economy. According to the Savills survey, green rental contracts will become a completely common part of rental contracts by 2026.

Zeitgeist Asset Management obtains more prestigious tenants in Palác Dunaj in the historical centre of Prague

The international law firm CMS and the European Investment Bank (EIB) have rented office space in the newly renovated Palác Dunaj building on Národní třída. The total occupancy has now reached almost 80%. Only one floor of offices and retail units on the ground floor of the building remain vacant, though negotiations with potential tenants are already underway here as well.

Port7 received LEED Platinum certification with the highest rating

Skanska's latest and largest administrative project in the Czech Republic, Port7, received the prestigious LEED Platinum certification in the latest v4 version. According to available information, the project received the best rating of all commercial projects built last year in the Czech Republic. Buildings D and E even ranked among the best in the ranking of the most sustainable office buildings in Europe certified in 2023. Demanding environmental criteria were followed both during construction and now during the building's operation. Skanska was able to obtain 3 platinum certifications at once in the campus certification scheme.

Colliers - Prediction 2024: Development, challenges and opportunities in Central and Eastern Europe

Colliers, a leading professional services company in the field of commercial real estate and investment management, has released its forecasts for the Central and Eastern Europe region for 2024. The GDP growth rate is expected to increase and therefore the activity in the commercial market. What are the other key points and trends from the Colliers predictions?

Instead of Transgas, apartments and offices. This is what the building that will replace the Brutalist icon looks like

Until 2019, a complex of three brutalist buildings from the 1970s known as Transgas stood on the plot at the beginning of Vinohradská Street. The work of architects Jindřich Malátek, Ivo Loos, Zdenko Eisenreich and Václav Aulický could be sent to the ground despite efforts to declare it a monument.

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