There is a great demand for high-quality office space in Prague, thanks to which the owners of so-called A-class buildings in particular can be proud of almost full occupancy. The problem, however, is almost zero construction, experts agreed.
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Intelligent energy management systems and the integration of green technologies can contribute to a more sustainable future for the office building market.
The hybrid work model has already become standard in 92% of office companies. However, not every organization transitions to this model without problems, and there is a significant discrepancy between employer preferences and employee expectations. While three quarters of employers are satisfied with it and consider it optimal, employees often have a different opinion. They want more flexibility, which is even becoming an increasingly important aspect for them when deciding whether to accept a job offer. This is according to the research "Hybrid and Beyond 2023" published by Colliers, a leading provider of diversified professional services in the field of commercial real estate and investment, through the sale of the property.
Another close alliance is emerging between Czech billionaires. After the businessmen Karel Komárek and Jakub Havrlant created a new media and consulting group Mind2Flo last year, the pair is about to start development together. Their plan has yet to be approved by the European Commission.
One of the largest development areas in Prague, Rohanský ostrov, was for years associated exclusively with the name of billionaire Luďek Sekyra. He was backed by other investors, but his development group was talked about as the one that would build a new district on the spot for tens of billions. That is changing now. The development company J&T Real Estate acquired part of the territory exclusively for itself. It will build a thousand apartments, offices and shops on the spot for 15 billion.
Imagine the announcement of a new development project in Prague. A luxury house on some lucrative land. However, the company sponsoring the entire project is not one of the established players like Penta or Sekyra Group, but for example Lasvit.
UBM Development AG will implement the construction of the Timber Marina Tower project, a 113-meter high office building with a wood-hybrid structure in Vienna's Handelskai district. At the same time, the company progressed with the Timber View residential project and the Timber Peak office building in Mainz, and with the preparation of the LeopoldQuartier district in Vienna. UBM plans to become the largest European developer of ecological buildings with a wooden structure. In the Czech Republic, the parent company's vision is followed by UBM Development Czechia, which is building the Timber Praha residential project, the first wooden multi-storey apartment buildings in the capital. Compared to ambitious high-rise building projects abroad, however, Timber Praha's energy-sustainable houses have a maximum height of 12 meters, due to restrictions arising from domestic legislation.y
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