One third of Czech companies consider digitization to be a necessary part of their future, according to a survey by LMC, which operates the career portals Jobs.cz and Práce.cz. The predatory rise of the Internet of Things shows that this is not the future, but the present. Technology is already opening up a wide range of opportunities for companies to push business into a new era. "IoT helps them improve performance while saving costs, resources and time," says Viktoria Korabelnikova, Vodafone's Sales Director for the Internet of Things in the Czech Republic.
The Penta group closed the pandemic year of 2020 with a net profit of 134 million euros, while total assets of the portfolio companies reached 11.1 billion euros. Despite the pandemic, Penta invested 419 million euros in Capex for the development of its companies and projects. The group employs more than 43,000 people and has paid a total of 243 million euros in income tax and other social contributions.
State-of-the-art technology, including intelligent building control, quality architecture, BREEAM Excellent certification and a prestigious address in the newly emerging city center. These are the most interesting attributes of the Organica building, which is being built by the development company Contera in Ostrava. After completion in 2023, TietoEVRY, an international provider of IT services and one of the largest employers in the Moravian-Silesian Region, will lease a significant part of the building. But Organica will offer users and visitors much more.
CFIG Real Estate, which belongs to the CFIG financial and investment group, issues its first bond issue in the total amount of CZK 250 million. The public issue of CFIG Bond 2020 / I bonds will start on 1 July, with orders already open before the issue itself takes place. The bond will offer a 7.5% annual appreciation with an annual payment and maturity as of June 30, 2026. The bonds are intended primarily for smaller retail investors, which corresponds to the nominal value of the bond in the amount of 25 thousand Czech crowns. The funds will be used to develop real estate activities and purchase real estate in the existing portfolio.
UBM Development Czechia has successfully completed and approved the Astrid Offices office building in Holešovice, Prague. Companies that have chosen it as their headquarters will operate here from July. This includes UBM employees who move here from offices in Liben. Astrid Offices now leases more than 50% of its space.
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.
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.
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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