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Office Market News

You can buy all Christmas presents in Brumlovka

Prague's BB Centrum (Brumlovka) has long been more than just an administrative function, in addition to first-class offices, you will also find a wide range of shops and services. And it is in them that you can comfortably buy all the Christmas presents for your loved ones, because the options are really very varied and will satisfy even the most demanding customers. Among the shops in Brumlovka you will find boutiques with designer clothes, luxury jewelry, Scandinavian home appliances or exclusive places for sports and relaxation.

Passerinvest Group begins construction of Roztyly Plaza office building

The Passerinvest Group, an investment and development company whose flagship project is Prague’s BB Centrum (Brumlovka), has begun the construction of the new Roztyly Plaza office building. The building, with a total area of 23,000 m2 from the workshop of the architect studio Aulík Fišer architekti, is going up right by the Roztyly metro station (C line) in Prague 11. Apart from the office function, the project also offers a public P+R parking lot and several retail units, which will significantly expand the local civic amenities.

BNP Paribas Real Estate: Demand for new offices grew by 20% year-on-year

The consulting company BNP Paribas Real Estate recorded a fifth higher demand for new offices in Prague in Q3 compared to 2020. New leases accounted for 58% of the total result in the period from July to September; in the remaining cases, existing contracts were renegotiated. Also thanks to these positive signals, the implementation or preparation of several large-scale projects with a total volume of 0.5 million m2 of new office space, which should grow in Prague by 2025, continues.

Trade for more than a billion. Penta, Kaprain and Sekyra bought land on Victory Square

A consortium of Penta Real Estate, Kaprain Group and Sekyra Group bought land from the University of Chemical Technology (VŠCHT) in the western part of Vítězné náměstí in Prague 6 for an amount just over one billion crowns. It acquired a total of 20,122 square meters, ie the majority of the buildable area of the so-called fourth quadrant of Vítězné náměstí between Evropská and Jugoslávských partizánů streets. Penta said this in a press release.

The transformation of office work: what does the new hybrid model bring? And what do companies and employees have to prepare for?

The coronavirus pandemic in the last year and a half has significantly affected the labor market as a whole, including the way individuals and teams work. With the disintegration and gradual return of most employees to the workplace, it is not only changes in the work model, but also the transformation of the offices themselves. CBRE, a world leader in commercial real estate services, has recently conducted two large-scale surveys to map current attitudes and expectations on the part of both companies and employees. Their results clearly show the emerging trend of a hybrid model of work, which effectively combines office work with teleworking.

The reconstructed Building B in Prague's BB Center has been inaugurated

"Building B was the last renovation that had to be completed so that in our portfolio we had only top offices equipped with the latest technologies that also meet the requirements for sustainability. Part of our philosophy is also building a quality public space, so as part of the reconstruction, we also built an open atrium with wooden seating, greenery and a water feature and a new Ellen G. White Square with mature trees and a jet fountain. Our goal is to provide tenants with a quality background so that they feel comfortable with us during and outside working hours, ”said Vladimír Klouda, Executive Director of Passerinvest Group.

ČMN expands its portfolio with three office buildings

Českomoravská Nemovitostní (ČMN) is expanding its portfolio with three properties in Karlín, Prague. It bought the office buildings of Zirkon, Apeiron (Rubín) and Corso Karlín with a total area of more than 30,000 m2, standing right next to the Křižíkova metro station. The transaction was financed by Raiffeisenbank.

CA Immo: Strong tenant demand and successful leasing activity in Prague

• CA Immo leased 60% of the newly built Mississippi House and Missouri Park office buildings in the River City Prague office campus in the area of Karlín • New tenants: Pure Storage and Novo Nordisk • During the first 9 months of 2021, CA Immo closed 15 lease transactions with a total volume of nearly 18,500 sqm of modern office space in Prague
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