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

CA Immo has begun the construction of two premium office properties in the River City Prague complex, which is located in Prague’s Karlín district. Mississippi House and Missouri Park will complete the office complex, which currently includes three Class A- office buildings (Amazon Court, Nile House and Danube House).

Both of the new buildings were designed by Danish architectural studio Schmidt Hammer Lassen and will pursue the high architectural standard of the ensemble. The erection will follow the highest sustainability standards (LEED platinum). Mississippi House and Missouri Park will offer a total of 20,750 sqm of leasable space (Mississippi House 13,380 sqm and Missouri Park 7,370 sqm). The construction has already begun and is scheduled for completion in H1 2021. CA Immo will be investing a total of around €66 million.

Andreas Quint, CEO of CA Immo said: "The River City Prague is located close to the city centre in the sought-after Karlin district of Prague directly on the Vltava River. We are delighted that construction can now go ahead on our two plots on the banks of the river and thus complete this high-quality office ensemble. In view of the very high occupancy rate of our Prague property portfolio, the strong demand for office space and the correspondingly dynamic price development at the location, this proprietary development is an important strategic addition to our portfolio in the core market Prague. The demand for the new space is already extremely brisk shortly after the start of construction; in future, we will be able to offer space upgrades to both new tenants and existing tenants with expansion plans."

Mississippi and Missouri will each have eight floors and two underground parking levels (a total of 230 parking spaces). Bicycle parking spaces and showers are also planned. Among other things, the architectural concept includes landscaped terrace loggias, light-flooded, flexibly usable office space and representative entrance areas. The high energy efficiency of the buildings is ensured inter alia by intelligent lighting and temperature control, CO2 monitoring, waste recycling, rainwater harvesting and heat pumps.