Since property asset managers deal with several types of property data and data entries on a regular basis, compromised data quality – whether it’s obsolete, incomplete, inaccurate, or contains errors – is a common issue. This isn’t a problem specific to real estate property management, it’s a problem with data management in general.
According to the latest Savills report, the volume of commercial real estate investments in the Czech Republic in the second half of 2020 amounted to € 797 million, with 60% (ie € 478 million) of these investments related to Prague real estate.
According to JLL, the demand for flexible spaces will increase by 300% due to Covid-19. The needs of clients have changed significantly and flexibility and other services are the main criteria according to which the client chooses today. Landlords and investors need to adapt their concepts accordingly. New Work - one of the leading flexible office operators in Central and Eastern Europe - is launching its franchise concept in response to these needs.
Weber-Stephen Products, LLC (Weber), a leader in the production of innovative and high-performance barbecue products, has signed a lease for 1,200 square meters of office space in The Flow Building on Prague's Wenceslas Square. The Flow Building by the developer Flow East is one of the most distinctive buildings in Prague and the demand for space in the building, which is an example of technologically advanced and modern architecture, is high. Furnishing offices for Weber is scheduled for May this year, and the company will move to the new facility by September 2021.
Today, companies are looking for ways to make office space more attractive and give employees a reason to return to work. According to a new report from JLL, it must focus its attention on employees. The JLL report, entitled Reimagine: The New Future of Work to Shape a Better World, predicts that the future of work lies in prioritizing both the physical and mental health of employees. Expected trends include a major transformation that will transform traditional offices into central spaces for interaction, collaboration, innovation and employee training.
Before the end of 2020, a new form of cooperation between CPI Property Group and M2C began. Facility management, which the CPI Property Group has so far provided for most properties, will now be managed by M2C. At the same time, it welcomes employees from the current facility management division in CPI Property Group.
The jubilee 5th year of the prestigious Office of the Year competition, in which more than 500 exceptional office realizations have entered the history of the competition, is launching the registration of applications today. In addition, this year the organizer of the competition, the company Prochazka & Partners, is coming up with a number of novelties. The biggest one is the transfer of the gala evening to summer, and instead of the interior of the Žofín Palace, the biggest design event of the year will take place in the gardens. Guests can look forward to a charming gala garden party in the heart of Prague. Thanks to the transfer of the gala evening to the summer months, the contestants have more time to prepare their entries - both architectural studios and the companies themselves can traditionally enter the competition. Registration will be open until April 30, 2021.
From September, the Wolt delivery service and the Kantar research agency will move their headquarters to the Bubenská 1 palace in the First Republic, which has undergone reconstructions for more than a billion in recent years. The WPP group has already chosen the building as its headquarters for its marketing, advertising and PR agencies. Bubenská 1 belongs to the portfolio of the real estate investment group CPI Property Group, which is the largest owner of office space in Prague.
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