Building B in Prague’s BB Centrum has acquired another tenant. This March, ABInBev, the largest brewer in the world, owning brands such as Stella Artois, Leffe and Corona, headquartered its global shared service centre here on an area of more than 7400 m2. The owner and manager of the building is the Passerinvest concern.
The year 2020 closed stores, drove people out of offices and significantly changed conditions in the real estate market. While until last spring, commercial property owners could choose who to rent space to and set prices, now the situation has changed.
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 pandemic has changed our perspective and needs, and from 2020 the safety norms implemented by office buildings matter a lot for tenants in the decision to rent new spaces," says Adriana Dragosescu, CEO, RPHI Romania. She told us in an interview that the measures, efforts and strategy of an office building on safety rules will most likely be in the top three criteria in making a decision.
International real estate operator IMMOFINANZ, known for its STOP SHOP shopping parks, VIVO! and office real estate myhive, has committed to compensating all energy consumption in the Czech Republic exclusively with renewable sources since 2021. An environmental certificate issued by the energy supplier, Pražská energetika (PRE), recently confirmed IMMOFINANZ's responsible behavior and consideration for the environment in which its focus on sustainable development and its commitment to a green future.
Petr Narwa, Head of Transaction & Consulting Services at Prochazka & Partners, who has long been involved in commercial real estate and investment services, answered the interview. What does Petr say about the current situation in the market, where tenants are currently trying to save as much as possible and where the pandemic has disrupted the income of real estate investors?
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.
23 thousand square meters of offices and almost five thousand square meters of shops at a price of 25 to 30 euros per meter. Penta has opened an offer of premises in the upcoming Masaryčka complex and the first applicants are already applying.
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