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Articles - Office project

Every second investor expects an increase in investment activity in the CEE region this year

Due to the covid-19 pandemic, investors were more interested in waiting tactics in part of last year. This gave them enough time to carefully assess the risks and better assess the next steps. Therefore, the second year with coronavirus starts with increased activity. According to the current CBRE survey of commercial real estate investors, 50% of companies active in Central and Eastern Europe expect increased transaction activity this year.

Alza used empty offices for their reconstruction

Alza.cz used a year-long work from home to complete the reconstruction of part of its headquarters in Prague's Holešovice. Its employees now have a large café for meeting colleagues, a greenspace full of live plants with shared jobs and 42 meeting rooms on an area of over 10,000 m2. One of them is in a restored van Saviem from 1961.

PASSERINVEST Group has sold the Ostrava project Nová Karolina Park

The PASSERINVEST Group concluded a significant transaction, which will evidently be one of the largest real estate deals of the year, with the sale of the Nová Karolina Park office building in the centre of Ostrava. The investment group RT TORAX Group became the new owner.

Building B in BB Centrum won the CIJ Awards 2021 competition

Administrative Building B in BB Centrum in Prague 4 won first place in the prestigious real estate competition CIJ Awards Czech Republic 2021, and was awarded in the Best Legacy (Redevelopment) Development category. The complete revitalization of the building and its surroundings, thanks to which it was again included among the Prague administrative buildings of category A, was completed in mid-2020. The CIJ Awards competition, which annually recognizes the most significant achievements and personalities in development

IMMOFINANZ comes with an offer of flexible offices in the myhive Palmovka building

IMMOFINANZ is introducing new flexible services for its tenants in the Czech Republic under the myhive brand. It offers companies and individuals customized office products that give them a flexible choice of four options according to their current work needs and rental time. Top offices in the modern myhive concept will bring individual solutions that meet the needs ranging from small offices for one person to large corporate offices. The total leasable area in the Palmovka myhive building is 21,500 square meters.

The first tenants report to Masaryčka by Zaha Hadid

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.

Developers are planning more projects

The pandemic slowed down but didn't slow down developers' plans in the retail segment. One of the reasons is the arrival of new brands on the domestic market. Last year, which was significantly affected in retail by restrictions related to Covid-19, 25 brands were added, mostly in the field of fashion and fashion accessories. In contrast, several other major tenants reported a reduction in areas or even bankruptcy.

Office trends in 2021

The year 2021 brings new work trends, which, together with the potential relaxation of measures, will soon be reflected in the form of leases and the use of office space. According to experts from Business Link, the offices will become primarily a meeting place for collaborative work and the emphasis will be on new contactless technologies. Companies will continue to look for new flexible solutions for running their offices.
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