Flow East tops out Prague mixed-use development

03
Dec
2019
News - Flow East tops out Prague mixed-use development #Czech Republic #development #Flow East #mixed-use #office #Prague #retail

by Property Forum | Retail

Flow East announced the topping out of its landmark project being constructed on Wenceslas Square (Václavské náměstí) as contractor Metrostav placed the last beam atop the structure.


When completed in summer 2020, The Flow Building will provide approximately 15,000 square metres of Class A office space and 6,000 square metres of Class A retail premises in the heart of the city’s central business district.

“We have been working towards this moment for more than 13 years. Today brings our vision of creating a truly iconic contemporary building on one of the world’s most historic squares a step closer to reality. The Flow Building will form an integral part of the urban renewal effort of Wenceslas Square while establishing new standards for future developments in Prague,” says James Woolf, CEO and Founder of Flow East.

The interior of the building will showcase modern sustainable and environmental solutions. Pre-qualified by BREEAM with the rating of ‘Excellent’, the building will benefit from nine flexible floorplates of up to 2,500 square metres and an abundance of natural daylight. The building has been designed to incorporate passive technology to reduce client energy consumption, which will reduce energy demand and CO2 emissions.

Primark, the international retailer has leased 4,700 square metres of retail space over three floors. This will be Primark’s first store in the Czech Republic. Primark is working with Flow East to tailor the space to fit Primark’s exact needs.




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New leases

  • The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
  • REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.
  • RecuNova has leased 305 sqm in the Bucharest-based Olympia Tower office building for a new medical clinic. The lease deal was brokered by Activ Property Services.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.


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