About the Regional Research Forum
Members of the Regional Research Forum - CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank - strive to provide the most complete, accurate and transparent data on the development of regional office markets in the Czech Republic. Members share background information on market developments and believe that the Regional Research Forum will help improve the transparency of regional office markets.
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.
An analysis by CBRE, a world leader in commercial real estate services, shows that despite the ongoing covidu-19 pandemic, new brands are still coming to the domestic retail market, in unprecedented numbers. There were 29 of them last year, which represents a year-on-year increase of 26%. This result is even significantly better compared to the ancestor year 2019. The main event last year was the Prague premiere of the Irish clothing and accessories store Primark on Wenceslas Square, and from the perspective of the High Street the opening of the Versace Italian luxury fashion boutique in Pařížská Street. With regard to the emerging trends, the opening of the so-called phygital store (from the English words physical and digital) of the partner companies eobuv.cz and Modivo in Smíchov, Prague, can also be considered a turning point. The new store, offering a wide range of products in the field of fashion, footwear and accessories, uniquely combines the advantages of the stone shop with the comfort of e-shops and is a harbinger of shopping in the near future.
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.
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.
A consortium of Penta Real Estate, Kaprain Group and Sekyra Group bought land from the University of Chemical Technology (VŠCHT) in the western part of Vítězné náměstí in Prague 6 for an amount just over one billion crowns. It acquired a total of 20,122 square meters, ie the majority of the buildable area of the so-called fourth quadrant of Vítězné náměstí between Evropská and Jugoslávských partizánů streets. Penta said this in a press release.
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