Prague’s Flow Building to be completed in July

14
Feb
2020
News - Prague’s Flow Building to be completed in July #Czech Republic #development #Flow East #mixed-use #office #Prague #retail

by Property Forum | Office

Flow East has pre-leased 75% of its mixed-use project being constructed on Wenceslas Square (Václavské náměstí), with just 5,000 square metres of office space left available at The Flow Building five months ahead of its completion.


The Flow Building will offer approximately 15,000 sqm of Class A office space and 6,000 sqm of Class A retail premises in the heart of the Czech capital’s central business district.

On the retail side, the world’s largest discount fashion retailer Primark will open its first store in the Czech Republic in The Flow Building, leasing all the retail space over three floors. Office space has been pre-leased to Scott & Weber, Graebel Relocation Services and a major multinational tenant yet to be disclosed. Scott & Weber will give The Flow Building further flexibility to accommodate an even wider range of tenants as a provider of premium coworking and serviced office space for companies of all sizes.

The building which is aiming for an ‘Excellent’ BREEAM rating has been designed to incorporate passive technology that reduces client energy consumption and CO2 emissions, provide an abundance of natural daylight, and to ensure the optimum internal environment through parametrically controlled solar shading and openable windows. The tenants of the building will also have access to a “Flow Zone” common room on the top floor with views of the National Museum and access to a rooftop terrace with panoramic views of Prague.

The two underground parking levels will offer the largest number of spaces with access to electric charge points in central Prague (50 out of a total of 129). There are also electric charge points for
e-bikes alongside changing rooms and showers for tenant employees. 




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.

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