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Articles - office

Rents and service fees in Prague offices are rising, but demand is still rising

Colliers, a leading company providing diversified professional services in the field of commercial real estate and investment management, published a survey of the Prague office market for the 2nd quarter of 2022. According to it, the vacancy rate did not change and remained at the same value as in the previous quarter. On the contrary, rents or service fees continue to rise. The volume of net realized demand is nevertheless the highest since the end of 2019.

Passerinvest completed another acquisition in Brumlovka. He becomes the owner of the Gamma building again

Purely Czech company Passerinvest Group, a.s. (hereinafter referred to as Passerinvest) successfully closed the purchase of the Gamma office project in the Brumlovka administrative center in Prague, where it has been operating for a long time. The building, financed by Raiffeisenlandesbank Oberösterreich, was acquired by Passerinvest from the Austrian real estate group IMMOFINANZ.

In the Avie area in Letňany, a quarter worth CZK 70 billion will grow in 25 years

In the next 25 years, the Odien investment group plans to build a neighborhood with approximately 7,000 apartments for up to 11,000 people in the Avie area between Prague's Letňany and Čakovice. He estimates the construction costs at 70 billion crowns. Group CEO Michael Saran told reporters. The district is to be connected to the city center by a modernized railway and a new tram line. According to Saran, the company has already started decontamination of land after industrial production and is waiting for a change in the zoning plan. She would like to start construction in 2025.

ZFP buys Blumental in Bratislava from Corwin

Slovak developer Corwin has sold the Blumental office centre in Bratislava to Czech real estate fund ZFP realitní fond. With more than 21,000 sqm of lettable area, it is one of the largest Bratislava office transactions of 2022. The price of the acquisition has not been disclosed.

The new Philips Class A LED tube: an innovative solution at a time of rising energy prices

Signify (Euronext: LIGHT), formerly Philips Lighting, a world leader in lighting, is expanding its portfolio with the most energy-efficient LED tubes to date. Thanks to its high efficiency, Philips MASTER LEDtube UE can help customers solve not only the global energy crisis, but also the growing pressure to reduce the carbon footprint and stricter EU regulations.

Every fourth woman is considering leaving the workforce, according to Colliers, this can be prevented

Such an exodus of women from the group of productive employees would greatly weaken the Czech labor market Two years of the pandemic have changed many women's perspective on their career life. According to a study published by the McKinsey Global Institute, fully 25% of working women considered quitting their jobs and leaving the labor market. The demanding reconciliation of personal and work life during the pandemic restrictions often led to extreme exhaustion for them, in many cases even to the point of burnout. From the experience of Colliers, a leading diversified professional services company in the field of commercial real estate and investment management, it follows that their decision to leave their career can easily be reversed by the employer by adjusting the working environment and conditions or by investing in the employee's retraining.

WOOD & Company Real Estate Fund acquires Green Point

The assets of the WOOD & Company Office Sub-Fund will now be supplemented with their tenth office building. The eight-storey modern building offers 7,500 sqm of leasable office space. Green Point is the third Prague office property held by the WOOD & Company Office Sub-Fund. Since its inception in 2017, it has delivered an average annual return of 11.65% to investors, making it one of the most successful real estate funds in the Czech Republic and Slovakia.

No more vestibules in the middle of the field. There will be new neighborhoods around Metro D stations

The metro station in Prague's Letňany is often given as a model of how transport infrastructure in the city should not be built. And anyone who has ever stepped out of those vestibules in the middle of the fields would probably agree with such voices.

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