from BNP Paribas Real Estate by the end of 2021, almost 40,000 m2 and in the following period over 140,000 m2 of new offices are being prepared by developers in the territory of Prague. The balance is mainly influenced by large and long-term development projects - Port 7 from Skanska in Holešovice or construction in the area of Masaryk's railway station by Penta. Sekyra Group also makes a significant contribution to the offer of new administrative areas with its Smíchov City and Rohanský ostrov projects. Their plans have not yet changed the rising prices of building materials and energy. Nevertheless, construction will reach pre-covid level at the earliest in 2023.
Award honors Schneider Electric’s longstanding commitment to sustainability and market-leading digital solutions that help customers meet their Sustainable Development Goals
Together with Microsoft, Schneider Electric supports customers such as JLL and Blackstone to develop and achieve decarbonization ambitions
Marks Schneider Electric’s 30-year global relationship with Microsoft and their shared vision for a sustainable future
CB Property Investors The sub-fund (CB Property Investors), a real estate fund of qualified investors, closed the first subscription round at the end of June 2021 and opens both to new construction and, above all, to the sustainable re-development of existing properties. The fund's strategy met with investor interest that exceeded expectations. The speed with which the first subscription round of investments was filled points not only to free capital, but also to the gap in the real estate market that the fund is filling. At the same time, this opens up space for further development of construction in the Czech Republic and Slovakia.
Whether you are a property owner or a property manager, steady rental income equates to a well-streamlined cash flow. The rent roll data builds the foundation for day-to-day operations in asset and investment management. They also built the foundation for the valuation of the asset. Therefore, accurate and consistent data is crucial to make the right decisions.
CPI Property Group, the largest property owner in the Czech Republic, Berlin, Warsaw and the region of Central and Eastern Europe, announces the successful issue of ten-year senior unsecured bonds and hybrid bonds with a total value of EUR 1 billion.
The more than a billion-dollar reconstruction of the functionalist building known as the Palace of Electrical Enterprises is almost complete. The unique building in Prague's Holešovice, which was originally completed in 1937, was successfully approved. Marketing, advertising and PR agencies, which are part of the multinational company WPP, will soon move into the renovated office space. The company, which will occupy almost 2/3 of the building, is now starting to prepare and implement its future offices. The Bubenská 1 project is one of the largest and most technically demanding reconstructions of a listed building in Prague.
The Flow Building, a multi-purpose project of Flow East on Prague's Wenceslas Square, is the first building in the Czech Republic to achieve the highest possible "Outstanding" rating according to the current BREEAM certification scheme.
The former freight station in Smíchov is starting to change. Practically in the center of Prague, a new "city within a city" is to be built within 12 years, which will include apartments, offices, retail space, and public spaces, including a kilometer-long pedestrian boulevard. The plans also include two parks, each the size of the Old Town Square. This is currently the largest development project in Prague.
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