Office Market News

We expect positive development in the real estate market in 2016

CBRE, the world leader in the commercial real estate services sector, has published OUTLOOK 2016 study corresponding to the growth of the Czech economy, which also predicts positive developments in the real estate services market. The study monitors the capital real estate market, alongside the industrial, office and retail property sectors. In 2016, a total investment in the local market exceeding EUR 2 billion is expected, which is crucial for investment in the office and retail markets.

Alpha Building in Prague’s BB Centrum welcomed new tenants – Xerox Czech Republic and Gorenje

The Czech development and investment company PASSERINVEST GROUP is gradually continuing with the revitalisation of the ALPHA building while also welcoming two new tenants. The technology company XEROX CZECH REPUBLIC s.r.o. has moved into the modern office building in BB Centrum in Prague 4, leasing a total of 1028 m2 of office space. Another 561 m2 is being used by GORENJE spol. s r.o., a producer of household appliances. Both companies moved into their new spaces during the course of January and thanks to that the office spaces in the ALPHA building are almost 70% leased.

Petr Herman named Director of Hb Reavis in the Czech Republic

The HB Reavis group named Petr Herman to the function of Director for the Czech Republic. Until now Mr Herman worked in the position of Business Development Director, and in the last six months he was entrusted with the management of the entire Czech branch. He formerly received experience in upper management positions in Stival Holding, Passerinvest Group and K.P.A.R. consulting.

Passerinvest Group Purchases Beta Building

The leading Czech development and investment company PASSERINVEST GROUP has successfully completed the acquisition of the BETA building in Prague’s BB Centrum. PASSERINVEST GROUP acquired this modern office building with a leasable area of 19,000 m2 by repurchasing it from CBRE Property Fund Central and Eastern Europe, managed by CBRE GLOBAL INVESTORS.

Erste Group Immorent inaugurates Enterprise Office Center

Erste Group Immorent today inaugurated the Enterprise Office Center building, a new landmark in Praha 4. The 12-storey building offers 29,069 m2 of A Class premium office space, additional space for tenants, and also up to 400 parking places. STRABAG has erected the building based on architect Vladimír Krátký’s design.