Prague to select contractor for EUSPA building

13
Jun
2023
News - Prague to select contractor for EUSPA building #city #Czech Republic #development #EUSPA #PDS #Prague

by Property Forum | Report

The Prague City Council has approved the intention to launch a tender for a contractor to be entrusted with the transformation of the unfinished torso of the Prague 8 City Hall building. The Nová Palmovka Centre will become the new European Space Research Centre (EUSPA). The city is preparing this project for the Ministries of Transport and Finance, with which it is cooperating intensively.


Prague has previously signed a hosting agreement with the space programme agency, under which the European Space Programme Agency (EUSPA) is now based in premises on Vltavská in Prague 7. In 2021, the Prague Development Company (PDS) was appointed to prepare the design of the new headquarters on the city's land at Palmovka in Prague 8, and in the following period, it worked on the contractual documentation for the future agreement. In 2022, a future lease agreement for the use of the Nová Palmovka Centre for EUSPA was concluded between the City of Prague and the Ministry of Finance, with the lease relationship lasting 25 years. PDS has prepared technical conditions for the tender for the public contract.

"As part of the tender, we plan to find one experienced contractor for the design and implementation part of the transformation of the Nová Palmovka Centre. This will help the coherence and efficiency of the whole process and EUSPA will be able to use the headquarters as soon as possible given the contractual obligations of the city. The construction works should start at the beginning of next year," says Petr Hlaváček, Deputy Mayor for Territorial and Strategic Development. If approved by the City Council, the public contract will be awarded in the form of a so-called Design & Build. The transformation of the building will thus consist of three steps: the construction of the extension of the existing office building, the project preparation of the adaptation of the building to the needs of EUSPA (the so-called fit-out of the office building) and the related permits, and the subsequent construction of the fit-out. "Prague approves the intention to select a contractor who will provide all the necessary activities and construction works so that the agreement of all parties is fulfilled and EUSPA can fully develop in Prague. The cost of this European-wide significant construction will be close to CZK 2 billion (€84.154 million), but the effect on the economy of the city and the whole Czech Republic should make this investment worthwhile in a short time," says Zdeněk Kovářík, Prague City Councillor for Budget.

"Thanks to the active approach of the PDS to the entrusted municipal real estate, it can be competently estimated that in 2022 alone, the market value of the real estate on Palmovka (Nová Palmovka Centre) increased in the order of hundreds of millions of crowns. Further project preparation and the complete completion of the building for a long-term and highly creditworthy tenant will significantly increase the value of the city property," says Adam Zábranský, Councillor for Property, Legislation and Transparency. If the optimal timetables are met, EUSPA is expected to start operating at Palmovka in 2025.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • 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.

Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy