The Visionary project in Prague was awarded the WELL certification for Core and Shell in April with a healthy building. The building from Prague's Holešovice has thus become the first office building not only in the Czech Republic, but also in Central Europe, which won this prestigious award.
Consulting, financial and insurance companies have more and more orders and jobs in the Czech Republic. The local economy is still in excellent condition - this is confirmed by the frequent expansion of existing ones and the entry of new entities into the domestic market. Two closed transactions are also proof: the lease of 1,600 m 2 in the Kateřinská 40 building by TMF Group and the consolidation of Colonnade insurance company on 1,800 m 2 in the Gemini administrative complex in Prague 4. Paribas Real Estate.
CPI Property Group, the largest real estate owner in the Czech Republic, Berlin and Central and Eastern Europe, has released its first quarter of 2019 earnings results.
Edulios Real Estate Fund from Cimex has started work on the creation of a new sub-fund focusing on acquisitions and subsequent refurbishment of older office buildings. It will collect capital from movable investors, including those who can invest tens of millions of crowns at a time.
The real estate investment inflow of the Czech Republic in the first quarter of this year was the strongest of all six CEE countries. The value of investments exceeded EUR 1 billion, a 214% increase compared to the same period of the previous year. At the same time, the volume of invested funds returns to quarterly values recorded in 2016 and 2017.
The realization of the southern part of the Smíchov City project, which is to be dominated by the new giant headquarters of Česká spořitelna, will most likely be reversed by 2022. The revised schedule is based on a newly announced plan of intent prepared by the developer of the Sekyra Group. It was originally built in 2021.
Administrative Building B with a total lettable area of 15,600 m2 and 250 underground parking spaces will be renovated by a new modern façade, generous reception, restaurant, a brand new garden for the public in an open atrium and a green relaxing rooftop terrace. All technologies ensuring a quality indoor environment will be modernized. The main entrance will be moved from Vyskočilova Street to the west side of the building, where a small square, the so-called piazzetta with mature trees, seating and water features will be created. The investment in reconstruction is estimated at CZK 400 million and its completion is planned for the first quarter of 2020.
Water with fresh mint or even pastry garnished with chopped chives. Office workers can also enjoy weekend breaks from cottages and chalets on weekdays. The companies set up herb gardens in them. What plants to grow and how to care for them properly?
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