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

CA Immo records strong tenant demand for its Prague office buildings. With two new leases signed in the newly built Mississippi House and Missouri Park office buildings in the River City Prague campus, only 40% of the office space in these buildings remains available – and letters of intent have been signed with three additional tenants who will potentially lease another 30% of the total office space.

Construction of Mississippi House and Missouri Park was completed in July 2021. The properties offer a total of 20,750 sqm of lettable area and are located in Prague - Karlín.

Václav Jonáš, Managing Director of CA Immo Prague, commented: “Following the uncertainty in the office market in 2020 and the first half of 2021, we see positive signals that office tenants continue to pursue planned activities and in many cases expand their office space significantly. From our point of view, the Prague market remains strong and stable, which is confirmed by several successfully concluded leases in our buildings. The leasing success of Mississippi House and Missouri Park in particular shows that in the post-COVID-19 era, the quality of office space will become more important than ever. High-quality, well-located, amenity-rich office spaces where people love to work and that encourage in-office attendance, such as our River City Prague, are the ones companies will search for.”

Mississippi House and Missouri Park welcome two new tenants: Pure Storage will be expanding its rental space for an additional 3,200 sqm within the River City Prague campus, and Novo Nordisk, who are newly moving to the sought-after Karlín district. The first tenants, ADASTRA, Allen & Overy and BATIST Medical Holding, already moved into the modern office environment with a turn-key fit-out delivered by CA Immo. All new tenants will be moving in during the second and third quarters of 2022.

During the first nine months of 2021, CA Immo closed a total of 15 lease transactions representing nearly 18,500 sqm of modern office space in its seven office buildings in Prague. Amongst the biggest transactions recently closed were the extensions of Ford's and Procter & Gamble's leases at Nile House. Nile House, an award-winning architectural structure holding a LEED Gold green certification, is part of the River City Prague campus.