- After fifteen years, the Crestyl Group has completed its extensive DOCK district, which grew up around two blind branches of the Vltava in Liben, Prague. The capital thus gained a new revitalized location, which completed the face of the metropolis. In May, the very last building was approved - the DOCK IN FIVE offices. A year ago, a one-hectare park opened right on the premises, residential buildings were completed and apartments were sold out a year earlier. In the just completed last office building, 70% of the space is currently leased, all other office buildings are fully occupied by tenants. The entire DOCK project includes a total of 120,000 m2 of commercial and residential space. In addition to apartments, offices and the park, the campus also includes restaurants, cafes, shops and services or a yacht club with a marina.
The construction, operation, financing, development and acquisition of commercial real estate in 2022 and beyond will continue to be affected by the prices of fuels, energy and building materials. Added to this are problems in supply chains, nearshoring operations and rapidly rising inflation. The Colliers CEE Investment Scene 2021/2022 study predicts that these factors will have a direct impact on sales prices and rents.
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.
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.
More than 40% of all office real estate on the domestic market is certified by one of the internationally recognized systems that confirm its sustainability: the British BREEAM or the American LEED. In this respect, the Czech Republic, together with other countries in the CEE region, ranks among the champions of the whole of Europe - the average is around 20%. Much has been written about the positive impact of certified buildings on the health and well-being of employees, minimizing environmental impacts and saving operating costs. However, one question remained unanswered: how is the certification of office buildings really reflected in their performance, ie prices per square meter of rented space and occupancy? CBRE, the world leader in commercial real estate services, is now providing the key answer. It is based on an analysis of almost 22,000 leases concluded in the last five years in 12 European countries, including the Czech Republic.
A consortium of Penta Real Estate, Kaprain Group and Sekyra Group bought land from the University of Chemical Technology (VŠCHT) in the western part of Vítězné náměstí in Prague 6 for an amount just over one billion crowns. It acquired a total of 20,122 square meters, ie the majority of the buildable area of the so-called fourth quadrant of Vítězné náměstí between Evropská and Jugoslávských partizánů streets. Penta said this in a press release.
PASSERINVEST GROUP, the investment company and Czech builder behind the creation of BB Centrum (Brumlovka) in Prague 4, invested more than a quarter billion crowns in the modification and construction of the public space in 2020 and the first half of 2021. The amount of CZK 275 million crowns, without any state or other subsidies, was used for, among other things, repairs to Želetavska Street, the construction of the new Náměstí Ellen G. Whiteové, the installation of the moving sculpture “Brouk” (Beetle) and the reconstruction of Balance Club Brumlovka. In this way, the company is fulfilling its philosophy to build a sustainable, and environmentally- and user-friendly environment, which has been part of the company’s DNA from the very beginning.
Developer Crestyl presented the administrative part of the new Hagibor district in Prague, next to the Želivského metro station. A total of six office buildings will be built here. The first stage includes two administrative buildings that will offer 31,000 m2 of space for rent. Of this, almost 9,000 m2 will be occupied by the Czech News Center media house, which will move its headquarters here. The construction of the first office stage, in which, in addition to Crestyl, EP Real Estate also participates, will begin this year. Its completion is planned for the end of 2023. As part of the Hagibor project, a total of five residential houses are gradually growing under the leadership of Crestyl - two of them are already nearing completion, construction of the third will begin this year. Everything connects the square and the central pedestrian boulevard with shops and restaurants, which leads from the exit of the metro. The cost of the entire project will exceed nine billion crowns.
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