One of the most watched buildings in Prague in recent years is gradually being completed. In September, Masaryčka was approved, cafes, restaurants and shops opened, and this week the last protective film was torn off from the gold coating on the facade of the building. But the work on the Penty Real Estate project under the investment colossus Marko Dospiva does not end. In the summer, a publicly accessible viewing terrace with a café is to be opened on the roof.
The hybrid work model has already become standard in 92% of office companies. However, not every organization transitions to this model without problems, and there is a significant discrepancy between employer preferences and employee expectations. While three quarters of employers are satisfied with it and consider it optimal, employees often have a different opinion. They want more flexibility, which is even becoming an increasingly important aspect for them when deciding whether to accept a job offer. This is according to the research "Hybrid and Beyond 2023" published by Colliers, a leading provider of diversified professional services in the field of commercial real estate and investment, through the sale of the property.
Another close alliance is emerging between Czech billionaires. After the businessmen Karel Komárek and Jakub Havrlant created a new media and consulting group Mind2Flo last year, the pair is about to start development together. Their plan has yet to be approved by the European Commission.
One of the largest development areas in Prague, Rohanský ostrov, was for years associated exclusively with the name of billionaire Luďek Sekyra. He was backed by other investors, but his development group was talked about as the one that would build a new district on the spot for tens of billions. That is changing now. The development company J&T Real Estate acquired part of the territory exclusively for itself. It will build a thousand apartments, offices and shops on the spot for 15 billion.
More and more companies are considering regional expansion, but the lack of suitable office space prevents them from doing so. In regions outside of Prague and Brno, there is not only a shortage of modern spaces for rent, there is also a lack of flex operators. At the same time, they could benefit from the growing interest of international companies in the so-called Hub & Spoke or Flex & Core model. This is according to Colliers, a leading provider of diversified professional services in commercial real estate and investment.
Imagine the announcement of a new development project in Prague. A luxury house on some lucrative land. However, the company sponsoring the entire project is not one of the established players like Penta or Sekyra Group, but for example Lasvit.
UBM Development AG will implement the construction of the Timber Marina Tower project, a 113-meter high office building with a wood-hybrid structure in Vienna's Handelskai district. At the same time, the company progressed with the Timber View residential project and the Timber Peak office building in Mainz, and with the preparation of the LeopoldQuartier district in Vienna. UBM plans to become the largest European developer of ecological buildings with a wooden structure. In the Czech Republic, the parent company's vision is followed by UBM Development Czechia, which is building the Timber Praha residential project, the first wooden multi-storey apartment buildings in the capital. Compared to ambitious high-rise building projects abroad, however, Timber Praha's energy-sustainable houses have a maximum height of 12 meters, due to restrictions arising from domestic legislation.y
Back in the 1980s, the Karolina coking plant operated in the Ostrava area. The part of the city that originally served mines and heavy industry was then an empty brownfield for several years. However, it is gradually turning into the commercial and administrative center of the city and is attracting more and more investors.
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