According to the latest Savills report, the last quarter of 2021 was the busiest quarter of commercial real estate investment in the Czech Republic. 30 transactions with a total volume of more than EUR 628 million were closed. This was the highest quarterly real estate investment since the first quarter of 2020, and an improvement of 23% over the fourth quarter of 2020.
The Austrian company Immofinanz sold the Prague Airport Business Center to the investment fund Jet Industrial Lease (JET) of the Brno billionaire Igor Fait. This is according to today's press release of the law firm bpv Braun Partners, which advised on the sale, and the press release of Jet Investment. The parties did not disclose the value of the transaction. Billionaire Radovan Vítek is interested in taking over Immofinanz.
The real estate division of the PPF Group has experience with the international company Hines from London and Moscow. PPF Real Estate is newly buying the New City office complex from Warsaw, thanks to which the company is expanding its operations to Poland. The value of the transaction was not disclosed after the agreement of both parties.
A future consortium of predominantly domestic studios will determine the future shape of the area around the transport hub at Florence and Masaryk Railway Station. The winners of the urban design competition announced by investors Penta Real Estate and ČSAD Praha holding in cooperation with the capital are UNIT architects and studio A69 together with a London company with Slovak roots Marko and Placemakers. It specializes in urban regeneration and sustainable planning.
More than 40% of all office real estate on the domestic market is certified by one of the internationally recognized systems that confirm its sustainability: the British BREEAM or the American LEED. In this respect, the Czech Republic, together with other countries in the CEE region, ranks among the champions of the whole of Europe - the average is around 20%. Much has been written about the positive impact of certified buildings on the health and well-being of employees, minimizing environmental impacts and saving operating costs. However, one question remained unanswered: how is the certification of office buildings really reflected in their performance, ie prices per square meter of rented space and occupancy? CBRE, the world leader in commercial real estate services, is now providing the key answer. It is based on an analysis of almost 22,000 leases concluded in the last five years in 12 European countries, including the Czech Republic.
While the first stage of the magnificent Masaryčka project by Zaha Hadid, built by Penta Investments next to Masaryk Railway Station, is gradually growing floor by floor, the second part, which includes the area around the main road and Florence, is still waiting for a plan for further development.
Prague's BB Centrum (Brumlovka) has long been more than just an administrative function, in addition to first-class offices, you will also find a wide range of shops and services. And it is in them that you can comfortably buy all the Christmas presents for your loved ones, because the options are really very varied and will satisfy even the most demanding customers. Among the shops in Brumlovka you will find boutiques with designer clothes, luxury jewelry, Scandinavian home appliances or exclusive places for sports and relaxation.
The Passerinvest Group, an investment and development company whose flagship project is Prague’s BB Centrum (Brumlovka), has begun the construction of the new Roztyly Plaza office building. The building, with a total area of 23,000 m2 from the workshop of the architect studio Aulík Fišer architekti, is going up right by the Roztyly metro station (C line) in Prague 11. Apart from the office function, the project also offers a public P+R parking lot and several retail units, which will significantly expand the local civic amenities.
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