News Article Czech Republic investment office Prague SWORP
by Property Forum | Office

Real estate investor Martin Ladyr, through property management software company Swrop, has bought the office building known as Atrium House in Prague 10 from the investment group Cimex. He has also confirmed plans to reconstruct and modernise it gradually.

The seven-floor Sworp House has a total of 9,988 sqm and in its current form offers offices from 12 sqm up to entire floors. The sprawling office building near the Strašnická metro station was built between 1967 and 1974. It is an atrium-type building with a flat roof whose main supporting structure is a steel frame.

As for the plans, a restaurant is newly opened, and in the future, there are plans for a spacious meeting space to rent on a turnkey basis, and the construction of a fitness and wellness centre. Commercial units on the ground floor of the building will open the entire space to the public. They will also offer themed shared meeting spaces. The atrium will be covered and the tropical garden created in the longer term. The building targets tenants across segments, especially from real estate, finance, IT and the non-profit sector. The value of the purchase transaction was almost CZK 250 million (€10 million).

"We are bringing new life to an iconic office building in Prague 10. We see huge potential here, it is a spacious building with plenty of storage space and parking spaces. By modernising this building, we are moving it into the 21st century," says Martin Ladyr, Founder and CEO at Sworp.