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Office Market News

Hybrid working is staying with us

87% of respondents believe that the physical office is essential for successful business operations, reveals a survey conducted by real estate advisory firm Savills. Additionally, 54% of respondents feel that the hybrid model combining working from home and the office is the best for their health and well-being.

Křetínský and Crestyl will change the face of Prague. They’re rebuilding Vinohrady Avenue

The Crestyl development group, in cooperation with EP Real Estate, billionaire Daniel Křetínský, will build the first phase of an office complex in Prague’s Hagibor.

CPI Property Group reported record financial results for the first half of the year

CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading owner of income-generating European real estate, hereby publishes unaudited financial results for the six-month period ended 30 June 2021.

Student Dejvice will receive a coworking center. It will grow near the PPF headquarters

The largest provider of flexible offices on the Prague market, Scott.Weber Workspace, entrepreneur Adam Zvada, is preparing a new coworking center in the capital. He will open in the student part of Dejvice and Scott.Weber will thus strengthen his position as a branch leader in the Czech capital.

Penta represents the heart of Prague. However, the competition has also embarked on a billion-dollar brownfield

On one of the most lucrative plots in the Czech Republic, right next to Prague's Masaryk Railway Station, the cranes of the Penta Investments investment group are already tirelessly delivering material and the local construction site is living its own life. In front of passers-by, the skeleton of one of the most discussed buildings of decades is slowly moving towards the sky.

JRD Group grows. It has a planned turnover of CZK 10 billion per year within ten years

The ever-expanding JRD Group, which covers five divisions under its brand (JRD Development, JRD Plazma, JRD Energo, JRD Property and JRD Invest), achieved total sales of CZK 2.14 billion last year. JRD Development occupies a dominant position in it, with last year's results of CZK 1.61 billion. The individual divisions cover a wide range of industries, from residential or land development through investments in profitable real estate to energy from renewable and secondary sources. This includes, for example, a portfolio of photovoltaic and wind power plants or a groundbreaking plasma waste gasification technology.

The first two-storey Lidl store opened in the center of Brno

Lidl has opened an atypical new store on Malinovského náměstí in the center of Brno, which customers will find on the edge of the pedestrian zone in OD Centrum. It is a functionalist building by architect Vladimír Karfík from 1930-1931, which has been a listed building since 1988. At the same time, as the first store in the country, it will boast a sales area located on two floors. The first day of the opening of this Brno store is connected with the support of the Brno primary school and kindergarten.

Offices will look completely different

Coronavirus has changed the office market for two-thirds of companies once and for all
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