According to the international real estate consulting company Savills, companies looking for first-class office space on the European market will face a high degree of competition, despite the fact that the construction of new office space is the most active in the last five years. According to Savills' European Office Development report, the new office space to be completed in the region this year will provide 26% more space than in 2020.
The Polish company Business Link, which deals with the rental of jobs in shared premises, has sold its Holešovice office building to Scott.Weber and is thus ending up in the Czech Republic. The price of the transaction was not disclosed by either party. Hospodářské noviny informed about it.
Czech residential developer JRD is entering the commercial segment. The company will build its first administrative building, Viadukt Anděl, directly opposite the giant Smíchov City project, the implementation of which was started last year by Sekyra Group.
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.
International real estate operator IMMOFINANZ, known for its STOP SHOP shopping parks, VIVO! and office real estate myhive, has committed to compensating all energy consumption in the Czech Republic exclusively with renewable sources since 2021. An environmental certificate issued by the energy supplier, Pražská energetika (PRE), recently confirmed IMMOFINANZ's responsible behavior and consideration for the environment in which its focus on sustainable development and its commitment to a green future.
Due to the covid-19 pandemic, investors were more interested in waiting tactics in part of last year. This gave them enough time to carefully assess the risks and better assess the next steps. Therefore, the second year with coronavirus starts with increased activity. According to the current CBRE survey of commercial real estate investors, 50% of companies active in Central and Eastern Europe expect increased transaction activity this year.
Alza.cz used a year-long work from home to complete the reconstruction of part of its headquarters in Prague's Holešovice. Its employees now have a large café for meeting colleagues, a greenspace full of live plants with shared jobs and 42 meeting rooms on an area of over 10,000 m2. One of them is in a restored van Saviem from 1961.
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