UBM Development AG is aiming to fulfill its strategic goal of becoming the leading developer of wooden construction projects in Europe. In 2024, it already has over 300,000 m² of wooden buildings in preparation. Timber Pioneer, the first wooden office building with a wood-hybrid structure in the Frankfurt am Main business district, is now complete and its anchor tenant is Universal Investment. UBM recently started construction on the Timber Factory district in Munich, the Timber Peak high-rise in Mainz and the LeopoldQuartier Office complex in Vienna. The company has a number of other wooden buildings in preparation, such as the Timber Works and Timber Living projects in Munich or Timber Port in Düsseldorf. The vision of the parent company is also followed by the Czech branch of UBM Development Czechia, which this summer will complete the Timber Praha project, the first multi-storey residential wooden building in the history of the Czech metropolis.
The year 2021 was very successful for UBM Development Czechia. It sold three projects (in Prague, Lipno and Karlovy Vary) and also approved the Astrid Offices projects in Holešovice, the Andaz Prague Hotel on Senovážné náměstí and the Neugraf residential project in Smíchov. This list also includes the start of construction of an extensive residential project Arcus City in Prague-Stodůlky, where it also directly opened a sales center. This year, UBM will start construction of the next stage of this project. At the same time, they are negotiating new acquisitions. Following the example of the Austrian parent company, it is going to use ecological wooden constructions of houses and prepare a pilot housing project in the Czech Republic.
UBM Development Czechia, which completed and approved the Astrid Offices office building in Prague's Holešovice in May, sold it to the PORTIVA investment group. Both parties have decided not to disclose the amount of the transaction. The property, which has 4,300 m2 of office space and 440 m2 of retail space on the ground floor, is now fully leased. Since December, it has also become the headquarters of UBM Development Czechia, which has moved here from its offices in Liben.
UMM Development Czechia executives Helmut Berghöfer (with the award plaque) and Josef Wiedermann (next to him on the right) accepted the award on the podium. The award was presented to them by a member of the expert jury Silvie Marešová (Colliers) and Tomáš Běhounek (law firm bnt - partner of the gala evening). Petr Čejka (Algon) - on the right next to J. Wiedermann - and Jan Sierocinski-Vanek (development manager of UBM Development Czechia) also came to the podium for the award. The award plaque will be placed on the facade of the Astrid Offices office building, where all offices and retail space on the ground floor are already rented. . The award was presented to them by a member of the expert jury Silvie Marešová (Colliers) and Tomáš Běhounek (law firm bnt - partner of the gala evening). Petr Čejka (Algon) - on the right next to J. Wiedermann - and Jan Sierocinski-Vanek (development manager of UBM Development Czechia) also came to the podium for the award. The award plaque will be placed on the facade of the Astrid Offices office building, where all offices and retail space on the ground floor are already leased.
The new Astrid Offices office building in Prague's Holešovice from UBM Development Czechia welcomes its tenants in August. The Czech branch of UBM is also moving here from its original headquarters in Voctářova Street in Libeň. The project currently rents all offices as well as retail space on the ground floor.
The development company UBM Development Czechia published its results for the first half of this year. The company was successful in all real estate segments in which it currently operates on the Czech market: in the segment of housing, offices and hotels. UBM's strategy in the coming years is to focus mainly on residential construction, especially in Prague.
UBM Development Czechia has successfully completed and approved the Astrid Offices office building in Holešovice, Prague. Companies that have chosen it as their headquarters will operate here from July. This includes UBM employees who move here from offices in Liben. Astrid Offices now leases more than 50% of its space.
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