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Articles - property investment

Lockdowns put local and long-term players in a better position

Travel restrictions and the inability to meet in person have caused a lot of headaches for many market players but in many cases, it also provided certain types of investors with an advantage. Pavel Streblov, Business Director at Penta Real Estate talks about the company’s development and investment strategy and shared his expectations for the year ahead.

Skanska has commenced construction on its new project in Prague’s Holešovice district

Based on an architectural design by the DAM.architekti studio, Port7 will include 3 new administrative buildings, which upon planned completion in the second quarter of 2023 will offer 35,000 sqm of office and retail space.

CA Immo leased 1,000 m2 in the Missouri Park office building in Karlín

CA Immo has entered into a lease agreement with the international group BATIST Medical Holding for 1,000 square meters in the Missouri Park office building, which is currently under construction. The area of Prague 8 - Karlín belongs to the premium office locations and in combination with the high quality of this building we managed to achieve a record amount of rent for this city district as well.

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.

Sekyra is one step closer to the transformation of Smíchov and the construction of the new Česká spořitelna campus

Different temperatures in different rooms, air control or reducing the energy intensity of a building by efficient use of alternative sources. These are just some of the benefits of building automation. It offers simplification of maintenance and significant financial savings, especially for large office buildings, hotels or industrial buildings. In the Czech Republic, however, we still have a long way to go compared to the West.

The Flow Building receives BREEAM accreditation at the "Outstanding" level

The Flow Building, a multi-purpose project of Flow East on Prague's Wenceslas Square, is the first building in the Czech Republic to achieve the highest possible "Outstanding" rating according to the current BREEAM certification scheme.

The construction of offices in Prague is still ongoing, but the period of speculative development has ended

In the first nine months of 2020, over 140,000 m2 of office space was added to the Prague real estate market. Compared to last year, this is an increase of 35%. Construction did not stop even during the 3rd quarter, new projects were also launched. This is despite the fact that the coronavirus pandemic has reduced demand from tenants. The quarterly analysis of the international consulting company BNP Paribas Real Estate shows that 7.2% of modern offices are currently vacant in Prague, which corresponds to 267,300 m2 of space. However, the offer of so-called subleases (under leases) is also growing, which do not appear in the official register of vacant space. According to the analysis, there could currently be around 80,000 m2 of space for rent.

Arcadis Czech Republic offices were the first in continental Europe to receive a WELL Health-Safety Rating

Arcadis Czech Republic was the first in continental Europe to receive for its office in the Czech Republic an assessment of the quality of the working environment according to the international WELL Health-Safety Rating standard for operation and maintenance, prepared under the auspices of the International WELL Building Institute (IWBI). This independently validated assessment for new and existing buildings and premises is based on the evaluation of documentation on operational guidelines, maintenance, stakeholder involvement and crisis measures contributing to a safe working environment with regard to the spread of COVID-19.

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