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Articles - Office projects

A new planning tool from PlanRadar simplifies the oversight of construction projects. It will fundamentally affect compliance with the construction schedule

PlanRadar, one of the leading European platforms for digitization in the construction industry, which is already used in the Czech Republic by, for example, the construction companies BAK, Metrostav and Imos Brno, specialist in project management and technical supervision of buildings Unitrex Management or companies providing maintenance and property management such as Awigo or Trade Center Prague, launched a special tool focused on planning. It is designed to facilitate the construction of buildings and subsequently their maintenance and management. Above all, the novelty will facilitate the supervision of all tasks and help with meeting the set deadlines.

The 24th year of the "Best Of Realty" competition opens for project applications

The "Best of Realty" competition has entered its 24th year, which annually awards projects that represent the achievements and capabilities of architects, builders, designers, developers and, last but not least, real estate agents in selling or renting them. Domestic constructions completed and approved after January 1, 2021 can apply for nominations for awarded titles until September 2, 2022, when the application deadline. The announcement of results and awarding of prizes to the best projects will take place at the gala evening on November 15, 2022, traditionally the Prague Forum Karlín.

The new normal in offices: How to handle a hybrid work model? And what are its limits?

– A total of 68% of firms expect people to be returning to more regular work in offices in the mid-year – The majority (70%) of companies are permitting a voluntary return to the offices or only partial attendance – A total of 72% of firms are aiming at a “hybrid workplace” model within internal company guidance – The survey was taken by 466 respondents from 199 global companies of the EMEA region, including the Czech Republic

Crestyl completed an extensive DOCK project in Liben, Prague, and the last building was approved

- After fifteen years, the Crestyl Group has completed its extensive DOCK district, which grew up around two blind branches of the Vltava in Liben, Prague. The capital thus gained a new revitalized location, which completed the face of the metropolis. In May, the very last building was approved - the DOCK IN FIVE offices. A year ago, a one-hectare park opened right on the premises, residential buildings were completed and apartments were sold out a year earlier. In the just completed last office building, 70% of the space is currently leased, all other office buildings are fully occupied by tenants. The entire DOCK project includes a total of 120,000 m2 of commercial and residential space. In addition to apartments, offices and the park, the campus also includes restaurants, cafes, shops and services or a yacht club with a marina.

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.

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

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.

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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