Penta Real Estate is selling the fully occupied coworking centre "Base", which is part of the Churchill office complex in Prague 2, to Scott.Weber Workspace, a company continuing its expansion in the Prague flexible office market. Neither party would comment on the size of the deal, online daily newstream.cz reports.
"Scott.Weber Workspace is registering a growing demand for fully equipped offices, so we are constantly looking for new opportunities to grow both acquisitively and organically. With its location, attractiveness and level of service, Base fits our concept perfectly and was a logical choice for us. Our prediction of market consolidation is coming true, with our centres currently occupying almost 40% of the market," says Adam Zvada, CEO and founder of Scott.Weber Workspace.
"Instead of further growth of Prague Base, we have therefore decided to focus on our core business - the development of large development projects in the wider centre of Prague. However, we will maintain the operation of Base in the unique environment of Jurkovič's thermal power plant in Bratislava," says Pavel Streblov, Commercial Director for Commercial Development at Penta Real Estate.
Base will be the 13th Prague office under Scott.Weber Workspace. The centre has a total area of 2,200 sqm, and in addition to private offices for smaller and larger teams, it offers nine meeting rooms of various sizes (from 4 to 18 people), a training room (up to 24 people) and a community zone with possible use for events for up to 100 people. Up to 300 employees can work in the space at one time. It is located in the Churchill I office centre, in a building that stands out for its cutting-edge architecture, flexible interior layout, and efficient operation (LEED Gold certification).
"We plan to sign agreements with landlords for eight more centres by the middle of next year, including expansions at existing sites. This will give Scott.Weber Workspace is more than 50% of the serviced office and co-working centre market and almost double the current leasable space. This currently stands at 41,000 sqm. As part of this expansion, we will also enter the regions, gradually opening centres in Brno and Ostrava," says Adam Zvada, CEO and founder of Scott.Weber Workspace.
The 14th Scott.Weber Workspace Centre will open in the first quarter of next year in Libeň, Prague. The new location in the DOCK complex will have a total of 350 office spaces and event spaces or private terraces. It will also offer zones for clients focused on three well-being pillars that promote productivity and employee satisfaction. Specifically, services and amenities focused on promoting a healthy body, mental well-being to nurture a healthy spirit, and social well-being to promote socialization and inclusion for companies and individuals. Within the DOCK Centre, companies will find, among other things, a gym, a massage and wellness area, a bistro and fully equipped kitchens.
