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Office Market News

The volume of investments in the commercial real estate sector for 2023 is 1.2 billion euros, the driving force is retail

Savills recorded 40 transactions closed in 2023 in the commercial real estate sector with a total investment volume of €1.2 billion. The volume of investments was 32% lower in 2023 compared to 2022. The driving force behind real estate investments in 2023 was the retail sector, which accounted for 43% of the total investment volume. Domestic investors are undoubtedly the backbone of the Czech investment market. Not only are they the most active and have concluded 29 transactions, but they also account for the largest (80%) share of investment volume this year. 31% of investment transactions in 2023 took place in Prague

The BASE coworking center was sold by Penta Real Estate and the buyer is Scott.Weber

Penta Real Estate has successfully sold the BASE coworking center in the heart of Prague to Scott.Weber, with BASE becoming the 13th star of Scott.Weber Workspace in the sky of flexible workspaces.

ESG approach of the Passerinvest group

Passerinvest Group, a.s. (hereinafter referred to as Passerinvest), presented its ESG strategy and the specific goals it wants to achieve in the future. Passerinvest has long actively supported efforts to achieve the Sustainable Development goals adopted by all member states of the UN Council in 2015. Through a series of measures, it has specified a set of objectives in its ESG strategy for reducing its carbon footprint, energy consumption, amount of water consumed and non-recyclable waste produced, for developing above-standard partnerships within local communities, and for creating a welcoming environment for employees, tenants and neighbours.

The commercial real estate market in Europe is on the verge of recovery and it can be assumed that it will come with a delay in the Czech Republic

Europe's commercial property market is showing signs of recovery, with rents expected to rise and yields to stabilize. The Czech Republic may follow this trend with a slight delay, but the positive outlook on the real estate market for 2024, as well as the increased demand for quality and sustainable premises, signal the time for action for investors and tenants.

There is interest in shiny, modern and green offices in Prague. However, new ones are not being built

There is a great demand for high-quality office space in Prague, thanks to which the owners of so-called A-class buildings in particular can be proud of almost full occupancy. The problem, however, is almost zero construction, experts agreed.

Change your working world with WorkLounge Business: A revolution for professionals in the work environment

WorkLounge Business revolutionizes the working environment by offering top serviced offices with a range of exclusive benefits for professionals. With a focus on safety, an individual approach and an inspiring environment, it offers ideal conditions for the growth and prosperity of both individual professionals and large companies.

Scott.Weber buys shared offices from Penta in the Churchill complex at VŠE

The Scott.Weber Workspace company, which operates flexible offices, coworking and event spaces, is buying the Base coworking center from Penta Real Estate, which is part of the Churchill office complex in Prague 2. The companies did not state the price in the announcements, according to ČTK sources, the value of the transaction did not exceed hundreds of millions of crowns. Base will be the 13th Prague branch belonging to the Scott.Weber network.

Mississippi House and Missouri Park are the first administrative buildings in the Czech Republic to have WELL PLATINUM certification

The newest buildings in Riverside Karlín have received confirmation that CA Immo is really serious about quality of life on campus and sustainability.

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Tereza Matejkova

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