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Articles - Office Relocation

The transformation of office work: what does the new hybrid model bring? And what do companies and employees have to prepare for?

The coronavirus pandemic in the last year and a half has significantly affected the labor market as a whole, including the way individuals and teams work. With the disintegration and gradual return of most employees to the workplace, it is not only changes in the work model, but also the transformation of the offices themselves. CBRE, a world leader in commercial real estate services, has recently conducted two large-scale surveys to map current attitudes and expectations on the part of both companies and employees. Their results clearly show the emerging trend of a hybrid model of work, which effectively combines office work with teleworking.

Reconstructed building B in Prague's Brumlovka is the winner of the HOF AWARDS

Building B in Prague's BB Center (Brumlovce) won the HOF Awards 2021 (Hall of Fame - Best of the Best) in the Best of the Best Legacy (Redevelopment) Development category as the best reconstructed building in Central and Southeastern Europe. A complete renovation of the interior, exterior and surroundings of Building B was completed last summer, and the building is currently almost completely occupied. In November of this year, Passerinvest Group will open a new concept of coworking and flexible FLEKSI offices here.

Technopark changes owners. It was bought by hundreds of millions of top eye surgeons

Technopark on the border of Prague's Jinonice and Stodůlek has a new owner. The administrative building, which houses the German Commerzbank, for example, was bought by the world-renowned eye surgeon Pavel Stodůlka.

CBRE: How is the Czech commercial real estate market changing and what are its prospects?

• There are clear signs of recovery in the market. The volume of investments in commercial real estate in the Czech Republic is growing. • This year, the industrial real estate sector will record the historically highest volume of demand. • The multifamily segment with rental housing products is included in the course. • The interest of international investors in Czech assets remains strong.

The new Hagibor district in Prague will be expanded with offices, and the Czech News Center media house will move in

Developer Crestyl presented the administrative part of the new Hagibor district in Prague, next to the Želivského metro station. A total of six office buildings will be built here. The first stage includes two administrative buildings that will offer 31,000 m2 of space for rent. Of this, almost 9,000 m2 will be occupied by the Czech News Center media house, which will move its headquarters here. The construction of the first office stage, in which, in addition to Crestyl, EP Real Estate also participates, will begin this year. Its completion is planned for the end of 2023. As part of the Hagibor project, a total of five residential houses are gradually growing under the leadership of Crestyl - two of them are already nearing completion, construction of the third will begin this year. Everything connects the square and the central pedestrian boulevard with shops and restaurants, which leads from the exit of the metro. The cost of the entire project will exceed nine billion crowns.

Hybrid working is staying with us

87% of respondents believe that the physical office is essential for successful business operations, reveals a survey conducted by real estate advisory firm Savills. Additionally, 54% of respondents feel that the hybrid model combining working from home and the office is the best for their health and well-being.

Křetínský and Crestyl will change the face of Prague. They’re rebuilding Vinohrady Avenue

The Crestyl development group, in cooperation with EP Real Estate, billionaire Daniel Křetínský, will build the first phase of an office complex in Prague’s Hagibor.

CPI Property Group reported record financial results for the first half of the year

CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading owner of income-generating European real estate, hereby publishes unaudited financial results for the six-month period ended 30 June 2021.

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