Originally a Czech development company, UDI Group is expanding its activities overseas, in the middle of the American continent. Following the recent first acquisition in Costa Rica, it has now also purchased land in the capital of neighboring Panama.
Colliers, a leading company providing diversified professional services in the field of commercial real estate and investment management, published a survey of the Prague office market for the first quarter of 2022. According to him, there was a further increase in vacancy, which increased across Prague. However, gross realized demand recorded a year-on-year increase of 44%, and thus returned to pre-pandemic levels. The increase in prices throughout the city is still felt especially in construction projects, mainly due to rising costs for materials and construction work.
– A total of 68% of firms expect people to be returning to more regular work in offices in the mid-year
– The majority (70%) of companies are permitting a voluntary return to the offices or only partial attendance
– A total of 72% of firms are aiming at a “hybrid workplace” model within internal company guidance
– The survey was taken by 466 respondents from 199 global companies of the EMEA region, including the Czech Republic
- Up to 70% of employees in offices are not satisfied with the acoustic conditions in their workplace. Unfortunately, it is precisely these spaces that are a challenge for architects and designers in terms of acoustics. Because it's not an office like an office. Other acoustic conditions prevail in the call center and others, for example, in a bank branch. Fortunately, ISO standard 22955 was created last year, which specifically addresses this issue. It clearly defines acoustic conditions suitable for different office environments according to their use. In addition, it provides clear instructions on how to achieve these acoustic values.
• A total of 68% of companies expect people to return to regular office work in the first half of the year
• Most (70%) companies allow voluntary return to offices or only partial attendance
• A total of 72% of companies are moving towards a "hybrid workplace" model within internal barriers
• 466 respondents from 199 global companies in the EMEA region, including the Czech Republic, took part in the survey
- After fifteen years, the Crestyl Group has completed its extensive DOCK district, which grew up around two blind branches of the Vltava in Liben, Prague. The capital thus gained a new revitalized location, which completed the face of the metropolis. In May, the very last building was approved - the DOCK IN FIVE offices. A year ago, a one-hectare park opened right on the premises, residential buildings were completed and apartments were sold out a year earlier. In the just completed last office building, 70% of the space is currently leased, all other office buildings are fully occupied by tenants. The entire DOCK project includes a total of 120,000 m2 of commercial and residential space. In addition to apartments, offices and the park, the campus also includes restaurants, cafes, shops and services or a yacht club with a marina.
The construction of the new Roztyly Plaza office building was symbolically started today with a ceremonial tapping of the foundation stone. Work is currently underway on the construction of underground floors with a capacity of 330 parking spaces for tenants and another 100 spaces for P + R car parks. The seven-storey building will offer for rent an office with a total area of 21,700 m2 and business units on the ground floor, which will be occupied by a canteen and there is also a grocery store or drugstore. The construction also includes the modification of the immediate surroundings - the bus terminal will be modernized, the ground floor will be modified and the asphalt will be replaced by a Prague mosaic enabling water seepage.
INVESTMENT MARKET: 1ST QUARTER 2022
• In the first quarter of 2022, the volume of investments in the Czech Republic
Republic worth € 898 million, which represented
year-on-year increase of 210%. No transaction Residomo, which
was concluded in the 1st quarter of 2020, the volume of investment would be
in the 1st quarter of this year, the highest since the 1st quarter of 2019.
• Although the number of transactions concluded during the 1st quarter
significantly decreased, the average transaction size compared to
average of more than doubled in the previous 12 quarters.
• The office sector regained its dominant position
and accounted for 58% of investment in Q1. Activity
has also increased in the retail sector, where value
investments accounted for 29% of the total quarterly volume. Share
industrial assets fell to 14% in the first quarter.
• With transactions worth € 519 million, it attracted the most
capital in the 1st quarter of Prague, where five transactions were concluded.
• They mainly contributed to the total volume of transactions
domestic investors who acquired five properties worth
more than € 435 million (48% of the total), followed
European investors (39%).
• After a slight correction in industrial real estate income and
offices in the 4th quarter of 2021 remained yieldy in the first three
months of 2022 in all sectors unchanged
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