News Article CA Immo Czech Republic lease Office Prague
by Property Forum | Office

This year CA Immo has already closed 18 lease transactions in total in Prague. These are mostly new leases and expansions with an office space of almost 16,200 sqm. Also, both new office buildings Mississippi House and Missouri Park, which have been completed in summer of 2021, are fully let now.

CA Immo records strong tenant demand for its high-quality Premium Prague office buildings at River City Prague campus: With three new leases comprising total office space of approx. 4,700 sqm signed, the two office buildings Mississippi House and Missouri Park, which have been completed in summer 2021, are fully let. During the first five months of 2022, CA Immo closed 18 lease transactions in total in its seven office properties in Prague, mostly new leases and expansions, representing nearly 16,200 sqm of modern office space.

Václav Jonáš, Managing Director of CA Immo Prague, comments: “Our commitment to developing River City Prague as a sustainable, innovative and healthy office campus with a high quality of stay and attractive services is meeting very good tenant demand. This confirms our claim to offer office space that is significantly "better than home" and where people love to work. Against the backdrop of hybrid working, demographic changes and the ongoing shortage of skilled workers, we see that companies increasingly see high-quality office space as a value and an important component of their business model. In our view, the future of the office clearly lies in the premium segment.”

What is specific about the new Mississippi House and Missouri Park office buildings is the fusion of the modern office environment with the riverside nature, promenade, community park and numerous recreational opportunities. At Missouri Park, two new lease agreements have been signed, covering a total area of approx. 3,900 sqm. The tenants in the new buildings include the international consulting company ADASTRA, a cybersecurity software company SentinelOne, the leading global transactional law firm Allen & Overy and international law firm Bird&Bird, Europe’s largest price comparison website, and online shopping advisor Heureka or the leading global healthcare company Novo Nordisk. The largest leasing transactions finalized by CA Immo in Prague this year so far are two new lease agreements covering around 5,700 sqm of office space in Nile House. All CA Immo office buildings in Prague have been awarded a LEED or DGNB sustainability certification.