Another close alliance is emerging between Czech billionaires. After the businessmen Karel Komárek and Jakub Havrlant created a new media and consulting group Mind2Flo last year, the pair is about to start development together. Their plan has yet to be approved by the European Commission.
One of the largest development areas in Prague, Rohanský ostrov, was for years associated exclusively with the name of billionaire Luďek Sekyra. He was backed by other investors, but his development group was talked about as the one that would build a new district on the spot for tens of billions. That is changing now. The development company J&T Real Estate acquired part of the territory exclusively for itself. It will build a thousand apartments, offices and shops on the spot for 15 billion.
Back in the 1980s, the Karolina coking plant operated in the Ostrava area. The part of the city that originally served mines and heavy industry was then an empty brownfield for several years. However, it is gradually turning into the commercial and administrative center of the city and is attracting more and more investors.
High demand and a lack of new projects caused a decrease in the vacancy rate of Prague offices, which currently stands at 7.26%. The volume of new construction and renovations was approximately 143,600 square meters at the end of Q2 2023, and the total market size was 3.85 million square meters. Reference rent prices have not changed in any way compared to the previous quarter, however, in connection with ESG and modern standards, the price of office equipment is increasing. It can easily exceed 1,000 euros per square meter. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.
Working in coworking offices, i.e. in shared spaces, is gaining more and more popularity. Not only is the interest of companies in the volume of rentals of such capacities growing, but also the total share of coworking spaces on the Prague office market.
The largest provider of private flexible offices and coworking is expanding to include the Dock location in Libni in Prague 8. The Thirteenth Center will offer a total of 350 office spaces, event spaces, private terraces and over 20 meeting and other rooms for concentrated work to increase productivity on an area of 3,190 m2. Scott.Weber in the Dock will provide an extraordinary number of relaxation zones in the spirit of well-being to ensure physical and mental health, well-being and thus the overall satisfaction of the workers. It will also offer clients a bistro with a chef who will use fresh ingredients directly from the roof terrace with a garden. The concept of modular event spaces is also used in the Dock.
The Reico ČS Nemovitostní fund has agreed on the sale of the Rohan Business Center office building in Karlín, Prague. It was bought by the collective investment fund Fio realití fond. The value of the transaction is 31.3 million euros, i.e. approximately 740 million crowns. Reico ČS stated this on its website.
The Office of the Year competition annually evaluates the best investments in office space and the attractiveness of the environment for employees. The current seventh year, in which ten winners shared the award, showed trends in contemporary workspaces.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
