Zeitgeist Asset Management has signed a lease agreement for 2,600 sqm of premium space in Prague's Dunaj Palace with the Czech Representation of the European Commission and the European Parliament Liaison Office. It will include a visitor center for the public. Approval of the reconstructed palace should be in 10 months. The lease agreement is signed for 15 years, Zeitgeist announced.

Vastint has leased nearly 13,400 sqm in three Business Garden complexes in the last months of 2022. The new tenants of Business Garden Wrocław are VSB Energie Odnawialne Polska, Smartbear Software, IDOM, and Jabil Poland, which leased a total of more than 4,200 sqm of office space. In addition, two current tenants of the complex, Gates Business Services Europe and iTechArt, have expanded their existing offices by an additional 2,400 sqm. The Business Garden Poznań tenants were joined by Deloitte and Paypro SA, which leased a total of 2,720 sqm. Business Garden Warsaw also gained new tenants, Astellas Pharma, Stadler Polska, TLScontact and United Imaging Healthcare Poland. Along with the expansion agreements signed with current clients, the Warsaw complex leased 4,074 sqm of office space.

Penta Real Estate secured one of the largest office contracts in the Czech Republic in Q3 2022. Fio banka's headquarters will move to the Masaryčka office complex, designed by London-based architectural studio Zaha Hadid, in spring 2024, Seznamzprávy.cz reports.

As service charge budgets are set for 2023, occupiers and landlords with vacancy can expect significant operational cost increases across their real estate portfolios. Property Forum talked to Ryan Wray MRICS, Principal at Avison Young Czech Republic to understand what you can do to make savings and get better value from your budget.

According to Savills latest report, 2021 was the best year on record for the Czech industrial market in terms of tenancy activity, despite the low volume of new completions and extremely low vacancy rate. Gross take-up totalled a staggering 2.32 million sqm, being 53% higher than the previous record of 1.55 million sqm seen in 2020. Annual net take-up (excl. renewals) reached 1.48 million sqm, a 46% increase over the former record of 1.01 million sqm registered in 2017, Savills reports.

Opened in September 2021, the Norblin Factory is filling up with tenants. The project’s investor, the Capital Park Group, has signed lease contracts with another six concepts which will soon join the revitalised complex at Żelazna Street. The office space of the multifunctional building was already fully leased last year.

ESET, a global leader in cybersecurity, unveiled its plans for the previously announced ESET Campus – an innovation and technology hub based in its headquarters city, Bratislava, Slovakia. The 55,000 sqm campus designed by architectural studio BIG-Bjarke Ingels Group will house the company’s new headquarters and will become a centre of excellence, creating strong cybersecurity, AI and innovation ecosystem for Slovakia and Central Europe.

The Industrial Agency of Colliers International Czech Republic completed the signature of a 15,688 sqm lease agreement for a German multinational engineering and technology company for industrial premises at CTPark Bor.

C2H, the company that owns the Kara and Pietro Filipi fashion stores in the Czech Republic, has recently emptied its 58 stores in the country to prevent landlords it owes rent to from seizing its inventory as security for payments.

Prologis has launched its Essentials Marketplace for Europe, a procurement tool that saves customers time when setting up, expanding or upgrading their operations. This online platform offers a raft of key warehouse interior products and fully managed instalment processes.