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Articles - Office space

The jubilee 5th year of the prestigious Office of the Year competition starts the registration of applications. The gala evening will take place in the summer in the open air

The jubilee 5th year of the prestigious Office of the Year competition, in which more than 500 exceptional office realizations have entered the history of the competition, is launching the registration of applications today. In addition, this year the organizer of the competition, the company Prochazka & Partners, is coming up with a number of novelties. The biggest one is the transfer of the gala evening to summer, and instead of the interior of the Žofín Palace, the biggest design event of the year will take place in the gardens. Guests can look forward to a charming gala garden party in the heart of Prague. Thanks to the transfer of the gala evening to the summer months, the contestants have more time to prepare their entries - both architectural studios and the companies themselves can traditionally enter the competition. Registration will be open until April 30, 2021.

Wolt and the Kantar agency are moving to the Bubenská 1 Palace in Holešovice, which belongs to CPI Property Group

From September, the Wolt delivery service and the Kantar research agency will move their headquarters to the Bubenská 1 palace in the First Republic, which has undergone reconstructions for more than a billion in recent years. The WPP group has already chosen the building as its headquarters for its marketing, advertising and PR agencies. Bubenská 1 belongs to the portfolio of the real estate investment group CPI Property Group, which is the largest owner of office space in Prague.

Sekyra Group will start the construction of the Rohan City project in Prague. A kilometer-long promenade will be built on the banks of the Vltava

During the first quarter of this year, Sekyra Group intends to launch Rohan City, the second of its major development projects. The first was Smíchov City, which started last year. The information was confirmed by Luděk Sekyra, Chairman of the Board of Directors. Rohan City will be within walking distance of Invalidovna Metro Station.

Albatros Media is moving its offices to new premises from CPI Property Group

The largest publishing house in the Czech Republic, Albatros Media, a.s. is moving to new offices. It will occupy almost 2,200 m2 in the Mayhouse building on Prague's 5.května Street. The publishing house will operate at the new address from September 1, 2021.

Nová Karolina Park will welcome the new tenant Brose CZ

The attractive Nová Karolina Park office building in Ostrava is enjoyed by a newly arrived tenant, Brose CZ. Brose is one of the world's leading suppliers of automotive components. It is a family-owned company originating in Germany and has leased 1,700 m2 of office space in a building owned by the investment and development company Passerinvest Group. Preparations for future offices began in mid-September 2020, and employees have been moving to them since December last year.

The biggest real estate business deal of the year. Penta sold Prague's Churchill for four billion Czech Crowns

The year 2020 is almost over, but Penta Real Estate still managed to break one of the records on the real estate market. It sold the Churchill Square office complex near the main railway station in Prague for more than four billion Czech Crowns. This is despite the fact that the company's representatives previously claimed that they will no longer be getting rid of buildings in the center of Prague.

Real estate transactions of commercial real estate in 2020

The total volume of transactions in the commercial real estate sector in the Czech Republic should reach 1.2 billion euros this year. This is a 63% decrease compared to last year, which was above average successful. If we also take into account the complications that the coronavirus pandemic has brought to the economy, the result is relatively satisfactory and testifies to the continuing appetite of investors. In addition, we can expect a further increase to almost double this year's volume next year. It is also positive that real estate prices still remain stable.

Lobby of the recently completed AFI CITY office building 1

The AFI City office building 1 on the city brownfield in Prague 9 near the Kolbenova metro station is full of interesting architectural and design elements. One of them is the artistically crafted gear motif, which occupies the entire main wall of the reception hall, and is the first thing that welcomes visitors. The work by Czech artist Ivan Komárek is a reminder of the rich industrial past of Vysočany, which was the pride of Czech industry at the turn of the 19th and 20th centuries: the most important companies at the time included the Czech-Moravian Machine Factory, Kolben's Electrical Factory and a plant of the engineering company Breitfeld-Daněk, later connected with the world-famous ČKD, but also the carmaker Praga or the Avia Aero aircraft factory.

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