At the beginning of the year, it seemed that many coworking centers or shared offices could not survive the measures associated with the Covid-19 pandemic. It was on shared workspaces, whose philosophy is based on meeting, personal communication and cooperation, that the constraints fell very hard. However, as the results of the June analysis of the consulting company BNP Paribas Real Estate show, this spring most of the operators of coworking and serviced offices felt a new wave of interest.
Zebra Technologies, a global leader in mobile computing, barcode printers and scanners, is moving from Brno’s Královo Pole district, where it has been operating for 17 years, to the Vlněna office complex built by CTP in the centre of Brno.
pbb Deutsche Pfandbriefbank (pbb) and Helaba have jointly underwritten an investment facility, totalling €130 million to refinance “Dock In Office Park” (4 buildings) in Prague for Crestyl Group. pbb and Helaba are acting as joint lead arrangers providing equal portions of the funding. pbb also acted as facility and security agent of the transaction.
• The new tenant is the law firm, Allen & Overy
• The Mississippi house and Missouri Park are scheduled for completion in July
• Both buildings meet not only the standards for WELL Core & Shell and LEED Platinum certifications but also WELL
The Crestyl Group is completing its DOCK district, growing around two blind branches of the Vltava in Liben, Prague. The last building is currently under construction - the DOCK IN FIVE office. Work is also finishing on the hectare park directly in the area, which will be completed and opened during the spring months. The residential buildings are all completed and the apartments are sold out. Similarly, all completed office buildings are fully occupied by tenants except for the last few meters. Completion of the last DOCK IN FIVE office building is scheduled for the second half of 2022. It will offer approximately 21.5 thousand m2 of office space and retail space.
"The pandemic has changed our perspective and needs, and from 2020 the safety norms implemented by office buildings matter a lot for tenants in the decision to rent new spaces," says Adriana Dragosescu, CEO, RPHI Romania. She told us in an interview that the measures, efforts and strategy of an office building on safety rules will most likely be in the top three criteria in making a decision.
The largest and historically first real estate fund on the domestic market has been operating for 14 years and manages assets worth 31.5 billion crowns. ČS real estate fund, managed by the investment company REICO České spořitelny, offers small savers the opportunity to participate in income from investments in office buildings, shopping centers or industrial areas that would otherwise be unavailable to them. Like other real estate funds, it now has to deal with a pandemic crisis.
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