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.
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.
Based on an architectural design by the DAM.architekti studio, Port7 will include 3 new administrative buildings, which upon planned completion in the second quarter of 2023 will offer 35,000 sqm of office and retail space.
The Flow Building, Flow East's flagship project on Prague's Wenceslas Square, welcomed Graebel Companies, Inc., the world's leading tenant of relocation services. (Graebel). The interiors and equipment of the company's just-completed new headquarters, with an area of approximately 1,000 square meters, were designed to meet its needs. For Graebel, they create an exceptional working environment in one of Prague's most sought-after office buildings.
EHC Czech's Kanov business incubator will expand to Cheb this year in Karlovy Vary and Ostrov, where Swietelsky stavební will build a four-storey building with a usable area of over 2,000 m2 and a car park for approximately 77 million Czech crowns. In it, start-up entrepreneurs will meet the background, meeting the criteria of the start-up program.
The hitherto inhospitable territory between Walonovka in Jinonice and the new ČSOB headquarters in Radlická is undergoing a transformation. The Penta investment group is preparing to continue the Waltrovka residential and office complex there.
CA Immo has entered into a lease agreement with the international group BATIST Medical Holding for 1,000 square meters in the Missouri Park office building, which is currently under construction. The area of Prague 8 - Karlín belongs to the premium office locations and in combination with the high quality of this building we managed to achieve a record amount of rent for this city district as well.
CPI Property Group, the largest property owner in the Czech Republic, Berlin, Warsaw and the region of Central and Eastern Europe, announces the successful issue of ten-year senior unsecured bonds and hybrid bonds with a total value of EUR 1 billion.
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