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Articles - Office space

Spaceflow & Flowbox announce partnership: FLOW helps landlords monitor and control their properties

Today, Spaceflow, a tenant experience operating system and Flowbox, an in-building advanced technology management company, announce their partnership. Through their common product offering, Flowbox and Spaceflow help landlords and building operators with their ESG (Environmental, Social and Governance) goals. With FLOW, real estate companies can monitor energy consumption, occupancy, air quality, temperature, CO2 levels, humidity and in later phases, control and automate their building hardware in one platform. Real-time data helps owners and managers optimize operations, streamline the use of energy sources, reduce operating costs and be guided through investment decisions.

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Building B welcomes new tenant - the Centre of Shared and Technology Services of the world’s largest brewer, ABInBev

Building B in Prague’s BB Centrum has acquired another tenant. This March, ABInBev, the largest brewer in the world, owning brands such as Stella Artois, Leffe and Corona, headquartered its global shared service centre here on an area of more than 7400 m2. The owner and manager of the building is the Passerinvest concern.

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Nothing is more expensive than a free meter of shop or office

The year 2020 closed stores, drove people out of offices and significantly changed conditions in the real estate market. While until last spring, commercial property owners could choose who to rent space to and set prices, now the situation has changed.

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Czech year on year investment volume falls by only 8%

A total investment volume of €290 million was transacted in the Czech Republic during the first quarter of 2021, according to Savills latest research. Without the exceptional €1.3 billion Residomo portfolio sale transaction, the investment volume was only down by 8% y-o-y.

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The need for offices will remain, but the space will be reduced

Last year, the demand for offices in virtually all European countries fell sharply. Compared to 2019, it decreased by 41% to 9 million m2. This was the lowest volume of realized demand since 2009. According to analysts of the international consulting company BNP Paribas Real Estate, there is already a recovery in this year's tenant activity, but the office market is not expected to recover until 2022. At that time, demand should reach 12.2 mil. m.

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A science and technology park is being established in Pilsen for almost 600 million - to keep talents in the region

Dirt, cables, holes and dust everywhere. Robot manufacturers and developers are enthusiastic about the premises located in the newly built TechTower science and technology park in Pilsen. At least according to the words of Luďek Šantory, director of the Information Technology Administration of the City of Pilsen, under which the project falls. This is a two-storey space of the original boiler room in which the explosion occurred. This has created an ideal place for developers, which provides them with real conditions.

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Real estate investors are looking for opportunities in the regions

The activity of real estate investors fell to the lowest values since 2013 in the first quarter of this year. The owners changed their commercial (and residential) buildings for EUR 310 million. Rather than the effects of covid measures, the result was affected by the lack of quality real estate to buy.

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CA IMMO rented another 1,400 m2 in the Missouri Park office building in Karlin

• The new tenant is the law firm, Allen & Overy • The Mississippi house and Missouri Park are scheduled for completion in July • Both buildings meet not only the standards for WELL Core & Shell and LEED Platinum certifications but also WELL

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