Savills relocates HQ in Prague

30
Aug
2024
News - Savills relocates HQ in Prague #Czech Republic #office #Penta Real Estate #Prague #Savills

by Property Forum | Office

Savills is moving its headquarters to new office space within the Masaryčka project in the centre of Prague. An additional 50% floor space is giving the Savills the foundation to expand its headcount towards 100 employees over the next phase of the business.


Penta Real Estate completed the Masaryčka project at the end of 2023. From the outset, the project has attracted significant attention from the professional community and the general public, even far beyond the country's borders. Designed by the world-renowned Zaha Hadid Architects, Masaryčka consists of two buildings offering AAA-class office spaces and two floors of retail areas. Both Masaryčka buildings have received the international LEED Platinum certification for green buildings.

"The Czech Republic is recognised as a stable economy, making it a trusted market for commercial real estate operations. Savills entry into the Czech market in 2017 was a strategic and logical decision, and it has proven successful. I am confident that our professional and experienced team will be able to thrive in such a building," says Stuart Jordan, CEO at Savills CEE.

Pavel Streblov, Business Director at Penta Real Estate, adds: "Masaryčka is our flagship. The wider surroundings of Masaryk Railway Station is changing from a neglected brownfield into a modern business district. We are glad that Savills also joined the club. The offices in Masaryčka are currently completely sold out.”




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  • Czech furniture industry supplier Hranipex, a provider of edge banding, adhesives, cleaning products, and accessories, has leased nearly 3,000 sqm of warehouse space at CTPark Bucharest South. The company has relocated its operations to the new facility and is currently fully operational within the park.
  • Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • 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.


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