Technopark on the border of Prague's Jinonice and Stodůlek has a new owner. The administrative building, which houses the German Commerzbank, for example, was bought by the world-renowned eye surgeon Pavel Stodůlka.
PASSERINVEST GROUP, the investment company and Czech builder behind the creation of BB Centrum (Brumlovka) in Prague 4, invested more than a quarter billion crowns in the modification and construction of the public space in 2020 and the first half of 2021. The amount of CZK 275 million crowns, without any state or other subsidies, was used for, among other things, repairs to Želetavska Street, the construction of the new Náměstí Ellen G. Whiteové, the installation of the moving sculpture “Brouk” (Beetle) and the reconstruction of Balance Club Brumlovka. In this way, the company is fulfilling its philosophy to build a sustainable, and environmentally- and user-friendly environment, which has been part of the company’s DNA from the very beginning.
• There are clear signs of recovery in the market. The volume of investments in commercial real estate in the Czech Republic is growing.
• This year, the industrial real estate sector will record the historically highest volume of demand.
• The multifamily segment with rental housing products is included in the course.
• The interest of international investors in Czech assets remains strong.
Developer Crestyl presented the administrative part of the new Hagibor district in Prague, next to the Želivského metro station. A total of six office buildings will be built here. The first stage includes two administrative buildings that will offer 31,000 m2 of space for rent. Of this, almost 9,000 m2 will be occupied by the Czech News Center media house, which will move its headquarters here. The construction of the first office stage, in which, in addition to Crestyl, EP Real Estate also participates, will begin this year. Its completion is planned for the end of 2023. As part of the Hagibor project, a total of five residential houses are gradually growing under the leadership of Crestyl - two of them are already nearing completion, construction of the third will begin this year. Everything connects the square and the central pedestrian boulevard with shops and restaurants, which leads from the exit of the metro. The cost of the entire project will exceed nine billion crowns.
After thirteen years of preparations, the developer Sekyra Group is starting to change Rohanský ostrov in Prague. In mid-September, he will lay the foundation stone of the first stage, which includes two office buildings and two apartment blocks. Over 3,200 flats, eight administrative buildings and a primary school will be built on twenty hectares. The capital will then have to solve a park on another ten hectares of the development area and the connection of Karlín with Holešovice by the new Rohan Bridge.
87% of respondents believe that the physical office is essential for successful business operations, reveals a survey conducted by real estate advisory firm Savills. Additionally, 54% of respondents feel that the hybrid model combining working from home and the office is the best for their health and well-being.
The Crestyl development group, in cooperation with EP Real Estate, billionaire Daniel Křetínský, will build the first phase of an office complex in Prague’s Hagibor.
CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading owner of income-generating European real estate, hereby publishes unaudited financial results for the six-month period ended 30 June 2021.
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