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

  • International retailer MR.DIY has joined the tenant mix of the Plejada Shopping Centre in Sosnowiec. Its new 700 sqm store will significantly enhance the shopping centre’s offering of household products and everyday essentials. Cushman & Wakefield is responsible for the leasing and comprehensive management of the property.
  • Hotspot Workhub, the flexible workspace operator, has renewed and expanded its presence within The Mark office building, owned by CPI Property Group. The lease deal for 2,550 sqm was brokered by iO Partners Romania.
  • Foundever has doubled its footprint to 3,500 sqm within the Bucharest-based Campus 6.3 office building, owned by CPI Romania. Cushman & Wakefield Echinox brokered the deal.

New appointments

  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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