"With its location, attractiveness and level of service, Base fully fits into our concept, so it was a logical choice for us. Our forecast of market consolidation is coming true, our centers currently occupy almost 40 percent of the market," said Adam Zvada, founder of Scott.Weber Workspace. He added that the company wants to conclude contracts with building lessors for another eight centers by the middle of next year, including expansion in existing locations.
According to its calculations, the company would thus occupy more than 50 percent of the serviced office and coworking center market and almost double the current leasable area. Currently, it is 41,000 square meters. "As part of this expansion, we will also enter the regions, we will gradually open centers in Brno and Ostrava," noted Zvada.
The Base Center near Prague Central Station has an area of 2,200 square meters, up to eight meeting rooms of various sizes, 25 offices, a training room and a community zone for up to 100 people. 300 people can work in the premises at once.
For the sale, Penta said it will fully focus on new development projects, including in the Florence and Central Station areas. "Instead of further growth of the Prague Base, we decided to concentrate on our key business - the development of large development projects in the wider center of Prague. However, we will maintain the operation of Base in the unique environment of the Jurkovič heating plant in Bratislava," added Pavel Streblov, commercial director for commercial construction at Penta Real Estate.
Penta Real Estate plans to continue building a new neighborhood around its newly opened Masaryčka office building. Its construction took over two and a half years and the cost was 2.5 billion crowns. At the end of October, Penta bought ČSAD Praha Holding, which owns the Florenc bus station and adjacent land. In mid-November, it bought long-term unused plots of land in Florenc next to the Prague highway from Czech Railways for almost 244 million crowns. However, the amount may still increase depending on the outcome of the current zoning plan amendment.
