The first quarter of this year brought a revival of the Prague office market. Growing demand may encounter a lower availability of new premium spaces in the coming years, as only a smaller number of new projects are currently under construction. This can also affect the currently stabilized price level of rents. Serviced office centers and projects that comply with ESG principles are on the rise. This results from a quarterly market survey carried out by the Colliers company.
The company Colliers, which belongs to the top in the provision of diversified professional services in the field of commercial real estate and investment management, has prepared a unique price map of office space in Prague. The map indicates that for the highest rents, offices are rented at centrally located metro stations such as the Museum or Náměstí Republiky, while the lowest rents are around Petřiny or Náměstí Míru stations.
Anyone who regularly moves around Prague's náměstí Republiky may have recently noticed an increase in construction activity at the somewhat run-down corner house adjacent to Kotvá. And in about a month, scaffolding will appear on the corner palace in the neoclassical style according to the design of the architects Adolf Foehr and Alfons Wertmüller, the author of the State Opera.
Passerinvest Group, a.s. , a leading development and investment company on the Czech market, has successfully completed the issue of PSG 7.60/28 bonds. The bonds were issued for 5 years with a total subscribed volume of CZK 750 million. The bonds were issued with a coupon rate of 7.60% p.a. and quarterly payment of coupons.
It will become the vibrant center of Prague and at the same time connect the impassable areas between Florence and Hybernská Street. This is promised by the company Penta Real Estate, which has completed the rough construction of a complex designed by London studio Zaha Hadid on a neglected brownfield near Masaryk railway station. The craftsmen now have to fine-tune the interiors and the facade, which will be covered by greenery and modified aluminum panels by the summer.
The Churchill Square office complex in Prague near the main railway station will be completely transferred to the domestic company Českomoravská nemovitstní. She already owns half of the building. The other half belongs to the Lebanese investment group CFH.
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