Construction output in the Czech Republic returned to annual growth in February, rising by 5.8 percent. A month earlier, it recorded a year-on-year decline of 13.2 percent. In February, the yoy volume of building construction increased by 5.1 percent and in engineering by 9.6 percent. The Czech Statistical Office (CSO) reported on Monday.
Bubenská 1 is one of the most important modernist buildings in Prague. The spacious functionalist building, completed in 1935, is undergoing a sensitive renovation to meet the highest current demands on office quality, while retaining its unique genius loci.
Administrative Building A in Prague's BB Center last year underwent an overall revitalization of the outer shell and interior. The reconstruction of the building with a total lettable area of 21,600 m2 was carried out in cooperation with its exclusive tenant, the leading Czech bank MONETA Money Bank, whose headquarters is in Building A.
CPI Property Group, the largest real estate owner in the Czech Republic, Berlin and Central and Eastern Europe, represents its financial results for the 2018 financial year.
Penta Real Estate selected a new owner of all Waltrovka office buildings in Jinonice, Prague, in an international tender. The purchase agreement was signed by GLL Real Estate, a Macquarie Group, which manages Hanwha Investment & Securities in South Korea.
At the end of last year, the Prague office market was approximately 3.5 million square meters of modern office space. Almost 157,000 square meters of office space was completed in 2018. It is the strongest construction in the last 10 years, but it is not enough to meet the demand for new offices.
Mint Investments as a co-investor and partner of the investment company Tristan Capital Partners purchased in 2017 the administrative complex Avenir Park in Prague's Nové Butovice. Since then, as a landlord and building manager, he has been taking a number of steps to revitalize the complex to meet the current demands of a dynamically developing office market. Investments last year amounted to more than CZK 10 million.
Concrete is no longer just a building material, it forms everything around us. For its informal appearance, it is used on interiors in interiors, and is now increasingly penetrating product design.
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