CPI Property Group, the largest property owner in the Czech Republic, Berlin and Central and Eastern Europe, plans to acquire office space in the center of Warsaw worth more than EUR 800 million. At the same time, it expects that most transactions will be concluded by the end of 2019.
The CBRE Art of Space Awards is a new prestigious competition that evaluates the best office, retail and industrial projects and freely follows the five successful years of CBRE Meeting Room of the Year. The jury chair is again Eva Jiricna (AI-DESIGN) and other jurors are Alexandra Tomaskova (Skanska), Anna Szwed (Saint-Gobain Ecophon), Richard Curran (CBRE), Pavel Sovicka (Panattoni), Jan Musil (LIKO-S), Josef Danda (Nespresso), Tomas Jindrisek (Dark Side) and Pavel Maurer (Grand Restaurant). By November 30, 2019, companies can apply for the competition in six attractive categories that copy the latest trends in design, technology, green building, but also in practical use of space.
Colliers International, the world's leading commercial real estate investment consulting firm, today announced that Kevin Turpin has been appointed as the new Regional Director of Market Research for Central and Eastern Europe. He will take up a new position on 1 October and will be based in Prague.
RERC, part of SitusAMC, today released its European Real Estate Market Briefing. This report examines how trade wars and other geopolitical tensions have raised concerns about the global economic slowdown, which is causing investors to prepare for the risk of uncertainty that comes to the spotlight. The study found that the political and economic disturbances associated with Brexit continue to strongly influence the behavior of European investors. Although concerns about the immediate recession in the United Kingdom have subsided after the surprising improvement in economic results in July, growth remains stagnant. Given that the Prime Minister is a strong supporter of Brexit, the chances of agreement before the deadline of 31 October are weakening.
The office and retail space in the Beta building at BB Centrum in Prague 4 is fully occupied. The last free square meters of office space has been rented by ANODIUS, a consulting company providing business solutions. The tenants of the building also include companies such as SAP CR, Savencia, DAS, Puma, Webhelp, O2 and UPS. Last year, the existing tenants of Uniprog and Webhelp Enterprise Sales Solutions expanded significantly in the administrative part, and Intens Corporation, a provider of services in the field of transport telematics, has moved in. The total lettable area of the Beta building is 19,000 m2 on 9 above-ground and 3 underground floors, with 330 parking spaces available. The building was designed by Aulík Fišer architekti.
Business Link Visionary, a premium Prague center offering fully serviced flexible offices, has introduced a new way of corporate subscription to its premises. This disrupts the schemes adopted so far by flexible offices and coworking centers. In addition to the standard offering, client companies can now take advantage of two new services that offer much more options and flexibility in accessing office space. The biggest benefit of the new products is the possibility of optimizing fixed monthly costs for office space and making attractive offices accessible to more employees.
CA Immo, a real estate company specializing in office buildings in Central European capitals, has started construction of two other office buildings in Prague. Two new premium properties will be built at River City Prague, located in the attractive location of Karlín in the Rohanský Island area. Mississippi House and Missouri Park will finally complete a vast complex that will include a total of five buildings (including the existing Amazon Court, Nile House and Danube House).
Nearly 180 new branches of Spaces coworking space were opened all over the world this year. The network already has 3,500 centers and since September it has also included the Prague Albatros. The expansion of IWG, which operates Spaces, responds to the increasing demand for this type of space. According to information provided by The Instant Group, client interest increased by 19% year-on-year. And, as the agency foresees, flexible workspaces will make up 40% of the office market in ten years.
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