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Articles - office rental costs

PPF Real Estate for the first time in Poland. PPF bought the New City office complex in Warsaw

The real estate division of the PPF Group has experience with the international company Hines from London and Moscow. PPF Real Estate is newly buying the New City office complex from Warsaw, thanks to which the company is expanding its operations to Poland. The value of the transaction was not disclosed after the agreement of both parties.

Czech and British urban planners have won the competition for the transformation of Florence, and several parks are planning

A future consortium of predominantly domestic studios will determine the future shape of the area around the transport hub at Florence and Masaryk Railway Station. The winners of the urban design competition announced by investors Penta Real Estate and ČSAD Praha holding in cooperation with the capital are UNIT architects and studio A69 together with a London company with Slovak roots Marko and Placemakers. It specializes in urban regeneration and sustainable planning.

UBM's Astrid Offices office building wins bronze from the prestigious "Best of Realty" competition

UMM Development Czechia executives Helmut Berghöfer (with the award plaque) and Josef Wiedermann (next to him on the right) accepted the award on the podium. The award was presented to them by a member of the expert jury Silvie Marešová (Colliers) and Tomáš Běhounek (law firm bnt - partner of the gala evening). Petr Čejka (Algon) - on the right next to J. Wiedermann - and Jan Sierocinski-Vanek (development manager of UBM Development Czechia) also came to the podium for the award. The award plaque will be placed on the facade of the Astrid Offices office building, where all offices and retail space on the ground floor are already rented. . The award was presented to them by a member of the expert jury Silvie Marešová (Colliers) and Tomáš Běhounek (law firm bnt - partner of the gala evening). Petr Čejka (Algon) - on the right next to J. Wiedermann - and Jan Sierocinski-Vanek (development manager of UBM Development Czechia) also came to the podium for the award. The award plaque will be placed on the facade of the Astrid Offices office building, where all offices and retail space on the ground floor are already leased.

Trade for more than a billion. Penta, Kaprain and Sekyra bought land on Victory Square

A consortium of Penta Real Estate, Kaprain Group and Sekyra Group bought land from the University of Chemical Technology (VŠCHT) in the western part of Vítězné náměstí in Prague 6 for an amount just over one billion crowns. It acquired a total of 20,122 square meters, ie the majority of the buildable area of the so-called fourth quadrant of Vítězné náměstí between Evropská and Jugoslávských partizánů streets. Penta said this in a press release.

The reconstructed Building B in Prague's BB Center has been inaugurated

"Building B was the last renovation that had to be completed so that in our portfolio we had only top offices equipped with the latest technologies that also meet the requirements for sustainability. Part of our philosophy is also building a quality public space, so as part of the reconstruction, we also built an open atrium with wooden seating, greenery and a water feature and a new Ellen G. White Square with mature trees and a jet fountain. Our goal is to provide tenants with a quality background so that they feel comfortable with us during and outside working hours, ”said Vladimír Klouda, Executive Director of Passerinvest Group.

ČMN expands its portfolio with three office buildings

Českomoravská Nemovitostní (ČMN) is expanding its portfolio with three properties in Karlín, Prague. It bought the office buildings of Zirkon, Apeiron (Rubín) and Corso Karlín with a total area of more than 30,000 m2, standing right next to the Křižíkova metro station. The transaction was financed by Raiffeisenbank.

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.

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.
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