CA Immo completes two office buildings in Prague

21
Jun
2021
News - CA Immo completes two office buildings in Prague #CA Immo #Czech Republic #development #office #Prague

by Property Forum | Office

CA Immo has completed the construction of two premium office buildings in the River City Prague campus, which is located in the Karlín district in the area of Rohan Island. Construction started in September 2019.


Andreas Quint, CEO of CA Immo said: “The development and completion of the Mississippi House and Missouri Park office buildings as sustainable, innovative and healthy properties perfectly underlines our overarching ESG strategy, which we are pursuing throughout the Group under the motto "Tomorrow Proof". Our aim here is both to make an active contribution to achieving global climate goals and to offer our tenants secure and sustainable rental space in central locations.”

Mississippi House and Missouri Park complement the River City Prague office campus, whose development has now been completed and comprises five Class A structures, with the already existing Amazon Court, Nile House and Danube House and a total leasable area of 84,000 sqm. The campus and the adjacent area of Karlínské square provide numerous restaurants and cafés as well as a good connection to the bicycle network.

The first tenants in the new buildings include the international consulting company ADASTRA, the law firm Allen & Overy and the international company BATIST Medical Holding. All new tenants will be moving in during the third quarter of 2021.

Being located in Prague’s Karlín district, Mississippi House and Missouri Park offer a total of 20,750 sqm of lettable area, counting up to 13,380 sqm at Mississippi House and 7,370 sqm at Missouri Park. CA Immo’s total investment volume is at around €65 million. The new buildings, designed by Danish architectural studio Schmidt Hammer Lassen, are benefiting from the unique location within walking distance from the city centre on the Vltava embankment with direct access to the river, surrounded by green spaces with a lot of opportunities to relax.

Both buildings are innovative and architecturally as well as technically exceptional, being designed and constructed as twins, each with eight floors and two underground parking levels with a total of 230 parking spaces. The high energy–efficiency of the buildings, undercutting the Czech standards of energy consumption by more than 50%, is ensured inter alia by using geothermal energy as the primary source of heating and cooling, triple glazing on façade, intelligent LED lighting with dynamic control of colour temperature and light intensity and smart climate control with CO2 monitoring.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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