Smíchova and Michle’s tried and tested Prague location attracted the real estate company to other office projects, although the company’s willingness to move to new locations continued to be limited. Administrative building owners rented 11 percent fewer offices in the last quarter year-on-year, which is about 45,000 square meters. At the same time, more than a third of so-called new leases consist solely of new contracts from existing tenants.
An unknown investor, represented by the design office Qarta Architektura, wants to build a combined office and residential project in Valentinka near Anděl. He has now handed over to the authorities a project for the construction of two buildings on the brownfield site of a former carriage house on the corner of Na Valentince and Svorosti streets. Investors plan to start construction of more than eight thousand square meters of offices and three dozen apartments on eight floors next spring. While the apartment building will be created as an entirely new building, the office building will retain the existing carriages as the base, into which the new seven-story building will be inserted.
Current location of Na Valentince u Anděl
Revitalization plan
A larger office project is being planned at Budějovická in Prague 4 by real estate agency Opal Real, belonging to the Vienna company Kara Handelsgesellschaft and Eximpol Industriewarenhandelsgesellschaft. The project, which is currently called the Budějovická Administrative Center, is intended to consist of one high-rise building with a total floor area of 20 square meters, according to the investor’s plans.
“The aim was to naturally and logically complete the surrounding urban structure by completing missing corners and creating a dominant feature as a counterweight to the tallest building in the area – the Erste Bank headquarters twenty stories above the ground,” Opal stated in the documentation for the valuation. project in terms of its impact on the environment (EIA). The company plans construction for 2014 to 2016.
The current environment of the Budějovická metro station
Plan a new development in the Budějovická area
The nearby Budějovice and BB Center areas are one of the most sought-after office locations in the metropolis. Even so, however, the developer is not guaranteed success beforehand. Just a few tens of meters from the company’s plans for Opal Real, the nearly complete and still vacant South Point administration building of development company AMA development has been standing for several years.
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