Passerinvest Group (Passerinvest), which celebrated 30 years since its establishment in December of last year, is behind the urban transformation of the Prague locality Brumlovka in Prague 4, which is one of the largest projects of its kind in Central Europe. During this period, Passerinvest’s investment activity has enriched the state coffers by CZK 71 billion. In the last 16 years, it has also been involved in the preparation of the appropriate urban development of Prague - Roztyly. The company plans to invest an additional CZK 35 billion in both locations in this decade. The outlook includes commercial and residential projects, the expansion of civic amenities and publicly-accessible spaces for the general public.
Czechoslovak Group (CSG) will change its headquarters and move to a completely new building from J&T REAL ESTATE CZ, which it will have furnished exactly according to its needs. The Karlín premium project Red Court designed by CMC Architects was acquired by the tenant a year before its completion.
European markets, including the domestic one, entered the new year with a renewed appetite for new office space. And people are gradually returning to their current ones from work at the home office. During the year, therefore, we can expect a further inclination of companies towards a hybrid model of work and at the same time a greater demand for flexible solutions and high quality of the indoor environment. The common office will remain irreplaceable even if the way it is used changes. The reasons have already been tested by time and personal experience: corporate culture is formed here, values are consolidated and it is a place of spontaneous interaction, communication and cooperation. However, what conditions are currently waiting for tenants in the country or neighboring countries? CBRE, the world leader in commercial real estate services, offers an interesting comparison in terms of new construction, rent and occupancy of office real estate.
The goal of the Orkla City project was to build a new headquarters for Orkla, a leading Norwegian supplier of consumer goods. The respectable 19,500 square meter office complex was opened in the spring of 2019 and is located in the Skøyen district of Oslo. Guardian Glass took care of the glazing.
In mid-December, a new tenant - Avatar VR Park - rented the premises of Prague's Brumlovka (BB Center) in Building G. It is the largest virtual reality park in the Czech Republic, which focuses on virtual and augmented reality. Visitors will find action, sports, balance and educational games here. The premises are also equipped with a VR café and are an ideal place for parties and new corporate events. The owner and administrator of the building is the Passerinvest Group.
State-of-the-art technologies including intelligent building control, high-quality archi-tecture, BREEAM Excellent certification and a prestigious address in the newly es-tablished centre of the city. These are the most interesting attributes of the Organi-ca building, the current project of Contera in Ostrava. Once completed in 2023, a major part of the building will be rented by TietoEVRY, an international provider of IT services and one of the biggest employers in the Moravian-Silesian region. How-ever, Organica will offer much more to its users and visitors.
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.
UBM Development Czechia, which completed and approved the Astrid Offices office building in Prague's Holešovice in May, sold it to the PORTIVA investment group. Both parties have decided not to disclose the amount of the transaction. The property, which has 4,300 m2 of office space and 440 m2 of retail space on the ground floor, is now fully leased. Since December, it has also become the headquarters of UBM Development Czechia, which has moved here from its offices in Liben.
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