The Idea Office Building in the Smíchov quarter of Prague, part of the NEMO real estate fund, has undergone a significant transformation, welcoming new commercial and diplomatic tenants.

The transformation of the historic building at Náměstí Republiky 7 in Prague 1 represents the largest project of the company Scott.Weber Workspace to date. 

Scott.Weber Workspace is expanding its coworking premises entering new buildings in Prague, Ostrava and Brno and opening 16,500 sqm of new offices for more than 2,000 people.

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.

The biggest Czech commercial project by Skanska is officially open to both tenants and visitors. Port7 provides 36,000 sqm of prime office and retail spaces. Compared to typical buildings of its size, Port7 boasts over 43% reduction in energy consumption and a 50% decrease in potable water usage.

Adam Zvada, CEO of Scott.Weber Workspace in Prague talked to Property Forum about the trends driving the flex workspace market and provided some insight into the company's expansion plans.