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Articles - Office market

The reconstructed Building B in Prague's BB Center has been inaugurated

"Building B was the last renovation that had to be completed so that in our portfolio we had only top offices equipped with the latest technologies that also meet the requirements for sustainability. Part of our philosophy is also building a quality public space, so as part of the reconstruction, we also built an open atrium with wooden seating, greenery and a water feature and a new Ellen G. White Square with mature trees and a jet fountain. Our goal is to provide tenants with a quality background so that they feel comfortable with us during and outside working hours, ”said Vladimír Klouda, Executive Director of Passerinvest Group.

ČMN expands its portfolio with three office buildings

Českomoravská Nemovitostní (ČMN) is expanding its portfolio with three properties in Karlín, Prague. It bought the office buildings of Zirkon, Apeiron (Rubín) and Corso Karlín with a total area of more than 30,000 m2, standing right next to the Křižíkova metro station. The transaction was financed by Raiffeisenbank.

Technopark changes owners. It was bought by hundreds of millions of top eye surgeons

Technopark on the border of Prague's Jinonice and Stodůlek has a new owner. The administrative building, which houses the German Commerzbank, for example, was bought by the world-renowned eye surgeon Pavel Stodůlka.

PASSERINVEST GROUP has invested more than a quarter of a billion crowns in the development of the public space and the pleasant transformation of BB Centrum

PASSERINVEST GROUP, the investment company and Czech builder behind the creation of BB Centrum (Brumlovka) in Prague 4, invested more than a quarter billion crowns in the modification and construction of the public space in 2020 and the first half of 2021. The amount of CZK 275 million crowns, without any state or other subsidies, was used for, among other things, repairs to Želetavska Street, the construction of the new Náměstí Ellen G. Whiteové, the installation of the moving sculpture “Brouk” (Beetle) and the reconstruction of Balance Club Brumlovka. In this way, the company is fulfilling its philosophy to build a sustainable, and environmentally- and user-friendly environment, which has been part of the company’s DNA from the very beginning.

Student Dejvice will receive a coworking center. It will grow near the PPF headquarters

The largest provider of flexible offices on the Prague market, Scott.Weber Workspace, entrepreneur Adam Zvada, is preparing a new coworking center in the capital. He will open in the student part of Dejvice and Scott.Weber will thus strengthen his position as a branch leader in the Czech capital.

Penta represents the heart of Prague. However, the competition has also embarked on a billion-dollar brownfield

On one of the most lucrative plots in the Czech Republic, right next to Prague's Masaryk Railway Station, the cranes of the Penta Investments investment group are already tirelessly delivering material and the local construction site is living its own life. In front of passers-by, the skeleton of one of the most discussed buildings of decades is slowly moving towards the sky.

A new modern residential location will be created in the Garden City

The unused land in the Garden City between Želivecká, Ostružinová, Šalviová streets and the noise barrier lining the South Junction will return to life after years.

Prague office leasing activity is picking up slowly

According to Savills, total modern office space in Prague increased slightly in Q2 2021 to 3.73 million sqm. Although subdued and still challenged by uncertainty, Q2 2021 saw a recovery in new supply as 49,500 sqm was delivered to the market across four new projects. Even though a decline of 57% is still visible in y-o-y comparison, new office supply for the second quarter is 10% above the pre-pandemic quarterly average.

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