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Office Market News

IMMOFINANZ comes with an offer of flexible offices in the myhive Palmovka building

IMMOFINANZ is introducing new flexible services for its tenants in the Czech Republic under the myhive brand. It offers companies and individuals customized office products that give them a flexible choice of four options according to their current work needs and rental time. Top offices in the modern myhive concept will bring individual solutions that meet the needs ranging from small offices for one person to large corporate offices. The total leasable area in the Palmovka myhive building is 21,500 square meters.

The 3 best practices for keeping your property data in good shape

Since property asset managers deal with several types of property data and data entries on a regular basis, compromised data quality – whether it’s obsolete, incomplete, inaccurate, or contains errors – is a common issue. This isn’t a problem specific to real estate property management, it’s a problem with data management in general.

Investors' appetite for acquisitions remains high

According to the latest Savills report, the volume of commercial real estate investments in the Czech Republic in the second half of 2020 amounted to € 797 million, with 60% (ie € 478 million) of these investments related to Prague real estate.

The first tenants report to Masaryčka by Zaha Hadid

23 thousand square meters of offices and almost five thousand square meters of shops at a price of 25 to 30 euros per meter. Penta has opened an offer of premises in the upcoming Masaryčka complex and the first applicants are already applying.

New Work concept comes with a franchise

According to JLL, the demand for flexible spaces will increase by 300% due to Covid-19. The needs of clients have changed significantly and flexibility and other services are the main criteria according to which the client chooses today. Landlords and investors need to adapt their concepts accordingly. New Work - one of the leading flexible office operators in Central and Eastern Europe - is launching its franchise concept in response to these needs.

Developers are planning more projects

The pandemic slowed down but didn't slow down developers' plans in the retail segment. One of the reasons is the arrival of new brands on the domestic market. Last year, which was significantly affected in retail by restrictions related to Covid-19, 25 brands were added, mostly in the field of fashion and fashion accessories. In contrast, several other major tenants reported a reduction in areas or even bankruptcy.

Weber-Stephen has leased premises in The Flow Building

Weber-Stephen Products, LLC (Weber), a leader in the production of innovative and high-performance barbecue products, has signed a lease for 1,200 square meters of office space in The Flow Building on Prague's Wenceslas Square. The Flow Building by the developer Flow East is one of the most distinctive buildings in Prague and the demand for space in the building, which is an example of technologically advanced and modern architecture, is high. Furnishing offices for Weber is scheduled for May this year, and the company will move to the new facility by September 2021.

Thanks to BIKERO, BB Centrum is also becoming a paradise for cyclists

BB Centrum will welcome a new retail tenant in the spring of this year - the company bikero.cz. The number one in the domestic market with cycling and sports equipment will rent retail space of 274 m2 leading to the main Vyskočilova street on the ground floor of the newly renovated office building B. Attractive location on the main road in the heart of BB Centrum and in the catchment area near important arteries, was one of the decisive criteria for bikero in selecting the location for the new unit. The owner of the building is the development company Passerinvest Group.

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Tereza Matejkova

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