AFI Europe has expanded its office portfolio with another property. The Classic 7 Business Park, AFI Karlín, AFI Vokovice and the AFI City 1 building now also include the Avenir Business Park in Prague 5 - Nové Butovice. The company bought it from the EPISO 4 fund from the British company Tristan Capital Partners for 66.5 million euros. The premium office complex with a total leasable area of more than 25,600 m2 is almost 100% occupied. Long-term tenants include companies such as ČSOB (belongs to the KBC Group), ING, Porsche, McDonald’s, Conduent, Dermacol, Simac Technik and Coloplast.
Leaving offices was the most common response to a possible risk of infection in the first weeks of a pandemic. In the first wave, over 40 percent of Czechs at least partially worked from their homes, in the second wave, less than 30 percent of the population used this solution. Czechs manage work from home much harder than employees in the rest of the world. This follows from a study by the IDEA think tank dedicated to Czech employees and a study by the Microsoft Work Trend Index.
One-way corridors, bumper zones around tables and transparent plastic partitions protect against coughing and snorting by colleagues. According to experts, all this may become a new office standard after the abolition of coronavirus quarantine measures, due to which many people started working from home.
One third of Czech companies consider digitization to be a necessary part of their future, according to a survey by LMC, which operates the career portals Jobs.cz and Práce.cz. The predatory rise of the Internet of Things shows that this is not the future, but the present. Technology is already opening up a wide range of opportunities for companies to push business into a new era. "IoT helps them improve performance while saving costs, resources and time," says Viktoria Korabelnikova, Vodafone's Sales Director for the Internet of Things in the Czech Republic.
The Penta group closed the pandemic year of 2020 with a net profit of 134 million euros, while total assets of the portfolio companies reached 11.1 billion euros. Despite the pandemic, Penta invested 419 million euros in Capex for the development of its companies and projects. The group employs more than 43,000 people and has paid a total of 243 million euros in income tax and other social contributions.
State-of-the-art technology, including intelligent building control, quality architecture, BREEAM Excellent certification and a prestigious address in the newly emerging city center. These are the most interesting attributes of the Organica building, which is being built by the development company Contera in Ostrava. After completion in 2023, TietoEVRY, an international provider of IT services and one of the largest employers in the Moravian-Silesian Region, will lease a significant part of the building. But Organica will offer users and visitors much more.
pbb Deutsche Pfandbriefbank (pbb) and Helaba have jointly underwritten an investment facility, totalling €130 million to refinance “Dock In Office Park” (4 buildings) in Prague for Crestyl Group. pbb and Helaba are acting as joint lead arrangers providing equal portions of the funding. pbb also acted as facility and security agent of the transaction.
CFIG Real Estate, which belongs to the CFIG financial and investment group, issues its first bond issue in the total amount of CZK 250 million. The public issue of CFIG Bond 2020 / I bonds will start on 1 July, with orders already open before the issue itself takes place. The bond will offer a 7.5% annual appreciation with an annual payment and maturity as of June 30, 2026. The bonds are intended primarily for smaller retail investors, which corresponds to the nominal value of the bond in the amount of 25 thousand Czech crowns. The funds will be used to develop real estate activities and purchase real estate in the existing portfolio.
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