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Articles - pražský kancelářský trh

Passerinvest plans to invest CZK 35 billion in this decade

Passerinvest Group (Passerinvest), which celebrated 30 years since its establishment in December of last year, is behind the urban transformation of the Prague locality Brumlovka in Prague 4, which is one of the largest projects of its kind in Central Europe. During this period, Passerinvest’s investment activity has enriched the state coffers by CZK 71 billion. In the last 16 years, it has also been involved in the preparation of the appropriate urban development of Prague - Roztyly. The company plans to invest an additional CZK 35 billion in both locations in this decade. The outlook includes commercial and residential projects, the expansion of civic amenities and publicly-accessible spaces for the general public.

CSG will relocate to a tailor-made project from developer J&T

Czechoslovak Group (CSG) will change its headquarters and move to a completely new building from J&T REAL ESTATE CZ, which it will have furnished exactly according to its needs. The Karlín premium project Red Court designed by CMC Architects was acquired by the tenant a year before its completion.

Emerging Roztyly Plaza office building: Inspiring office space right on the subway

Administrativní budova Roztyly Plaza na Praze 4, jejíž výstavba byla zahájena na podzim loňského roku, nabídne k pronájmu kanceláře s celkovou plochou 21 700 m². Za elegantním a designově čistým zpracováním sedmipatrové budovy stojí renomované architektonické studio Aulík Fišer architekti. Velky důraz je v projektu kladen na vytvoření inspirujícího prostředí, ve kterém bude radost pracovat, a setkávat se. Proces pronájmů prostor byl zahájen a již je registrován zájem prvních potenciálních nájemců jak na kancelářské, tak i na obchodní prostory. Budova umí nabídnout velkoplošné kanceláře s výměrou přes 3 000 m2 na jednom podlaží, ale díky flexibilním dispozicím je zároveň možné vytvořit i menší jednotky od 300 m2.

Here comes the ESG . Some buildings will be better demolished than costly renovated

What so far seems more like a phrase will change the real estate market in the coming years. The principles of socially responsible and sustainable investment, referred to by the acronym ESG, are already intervening in real estate investments and commercial real estate rentals. A wave of renovations awaits the owners of buildings built over the past 15 years. Older office buildings or those hurried by developers with a hot needle will often go to the ground.

Brumlovka (BB Centrum) welcomed a new tenant, thanks to whom you will discover the world of virtual entertainment

In mid-December, a new tenant - Avatar VR Park - rented the premises of Prague's Brumlovka (BB Center) in Building G. It is the largest virtual reality park in the Czech Republic, which focuses on virtual and augmented reality. Visitors will find action, sports, balance and educational games here. The premises are also equipped with a VR café and are an ideal place for parties and new corporate events. The owner and administrator of the building is the Passerinvest Group.

Fait bought the Prague Airport Business Center from Immofinanz

The Austrian company Immofinanz sold the Prague Airport Business Center to the investment fund Jet Industrial Lease (JET) of the Brno billionaire Igor Fait. This is according to today's press release of the law firm bpv Braun Partners, which advised on the sale, and the press release of Jet Investment. The parties did not disclose the value of the transaction. Billionaire Radovan Vítek is interested in taking over Immofinanz.

CBRE analysis: Last year, 29 new brands entered the Czech Republic, the most in the last three years

An analysis by CBRE, a world leader in commercial real estate services, shows that despite the ongoing covidu-19 pandemic, new brands are still coming to the domestic retail market, in unprecedented numbers. There were 29 of them last year, which represents a year-on-year increase of 26%. This result is even significantly better compared to the ancestor year 2019. The main event last year was the Prague premiere of the Irish clothing and accessories store Primark on Wenceslas Square, and from the perspective of the High Street the opening of the Versace Italian luxury fashion boutique in Pařížská Street. With regard to the emerging trends, the opening of the so-called phygital store (from the English words physical and digital) of the partner companies eobuv.cz and Modivo in Smíchov, Prague, can also be considered a turning point. The new store, offering a wide range of products in the field of fashion, footwear and accessories, uniquely combines the advantages of the stone shop with the comfort of e-shops and is a harbinger of shopping in the near future.

The commercial real estate market will recover, the analysis showed

Despite the negative impact of the covid-19 pandemic on economic activity, the European commercial real estate market is on the verge of recovery. According to the analysis "EMEA Real Estate Market Outlook 2022" by CBRE, the expected volume of investments will return to pre-pandemic values by the end of 2022. This will also be reflected in the commercial real estate market in the Czech Republic. Demand for commercial real estate in the country is still strong. The Czech market is established as highly sought after and provides investors with stable returns. It is well resistant to asset value fluctuations and supported by strong foreign and domestic capital.
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