A year ago, offices were a space where millions of us spent about a third of our lives. However, much has changed since then. Did the pandemic bring about the end of the traditional office we were used to?
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.
After a year of fighting the pandemic, we are reaching a turning point, according to a JLL study. Covid 19 has transformed the world in a way that will affect business many decades ahead and adjust the traditional conditions of where and how we work. It turns out that approved vaccines are a promise for a return to normal life, but it will be different, and the question arises as to what our world will look like and how companies are preparing for it.
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.
Currently, there is a clear trend for commercial property managers to realize the need for digital tools for professional property management. Although Excel has historically been sufficient, there are now more appropriate tools available that are based on specific needs. Moderan, which was founded in 2015 in Estonia, announces its official expansion into the Czech Republic and Slovakia.
The independent law firm Wilsons has signed a lease for 800 square meters of office space in The Flow Building. The building on Wenceslas Square, which was built by the development company Flow East, is one of the most impressive examples of modern sustainable architecture in Prague. Wilsons will move to its new premises in a highly sought-after project in the third quarter of 2021.
IMMOFINANZ is introducing new flexible services for its tenants in the Czech Republic under the myhive brand. It offers companies and individuals customized office products that give them a flexible choice of four options according to their current work needs and rental time. Top offices in the modern myhive concept will bring individual solutions that meet the needs ranging from small offices for one person to large corporate offices. The total leasable area in the Palmovka myhive building is 21,500 square meters.
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