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.
Arcadis Czech Republic was the first in continental Europe to receive for its office in the Czech Republic an assessment of the quality of the working environment according to the international WELL Health-Safety Rating standard for operation and maintenance, prepared under the auspices of the International WELL Building Institute (IWBI). This independently validated assessment for new and existing buildings and premises is based on the evaluation of documentation on operational guidelines, maintenance, stakeholder involvement and crisis measures contributing to a safe working environment with regard to the spread of COVID-19.
Prochazka & Partners follows up its spring client research on the future and use of offices. The survey, which takes place during the second lockdown, which the Czech Republic is now facing, was attended by almost 100 companies with a floor area of over 350 thousand. m2 (approximately one tenth of the Prague market). The company most often solves the current crisis by looking for a subtenant (16.5%), reducing office space (11.5%) or negotiating a lease on more favorable terms (8.2%). On the contrary, 9.8% of respondents are thriving and expanding despite the crisis. The rest (54.1%) then waits for the end of the lease, as current conditions prevent them from resolving the situation more effectively.
The coronavirus pandemic significantly affected not only the functioning of society as a whole, but also changed the current rhythm in office centers. With the introduction of work from home, many companies now face a new challenge in dealing with office space. The winners will be those who adopt a flexible model: this means that they will have an immediate transition to the online environment and will be able to react quickly and without significant losses to unpredictable situations. At the same time, however, they must not lose the irreplaceable function of the office - its social aspect. CBRE, a world leader in commercial real estate services, presents areas that are recommended for offices to focus on. They also advise on how best to incorporate change into the operation of companies.
With effect from January 2021, IMMOFINANZ has entrusted the international real estate consulting company Savills with the exclusive management of its portfolio of seven office buildings in Prague. The total floor area of the assets is approximately 123,000 square meters.
Even tradition sometimes needs a new coat. Becherovka, which has been produced according to the same recipe for more than 200 years, has new offices. The original background in indistinct colors ceased to meet the requirements of the company and the employees moved to modern premises in the Stromovka Center in Holešovice, Prague. The offices will feature colorful meeting rooms styled according to Becherovka, Jameson, Beefeater or Havana Club spirits, as well as its own bar.
According to the latest Flex Forward report from global real estate consultant Colliers International, European markets with a low level of existing flexible workspace saw the largest increase in new flexible operations in the first half of 2020.
The development company Sekyra Group will probably kick the ground in Prague 8 on Rohan Island for the first time in the first quarter of next year due to a new project. This area is one of the largest development sites in Prague. The total investment in apartments, offices and other premises should amount to around 15 billion CZK.
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