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.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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