05. January 2017
Svoboda & Williams Gets Exclusive Instruction to Lease Offices in ARA Palace
The Svoboda & Williams real estate company has received the exclusive instruction to mediate the lease of office space in the ARA Palace, a renowned Functionalist building from the 1930s, located in the city center of Prague on the corner of Perlová and 28. října streets.
Svoboda & Williams will offer a total of cca. 2600 sq. m. of representative office space covering five floors, the smallest possible unit for lease being one whole story, amounting approximately to 450 sq. m. The tenants of the top floor will be able to enjoy a spacious terrace and eye-catching views of Prague landmarks such as the Castle District (Hradčany) or Na Příkopě Street. The owner of the palace, the Austrian investor ECE European City Estates, will begin a complete renovation of the building in August 2017. New tenants will be able to start moving into the reconstructed building in the spring of the following year.
The ARA Palace, whose design features contributions of architects František Řehák and Milan Babuška, was built in the 1930s when it replaced an older, Neoclassical building. The palace, having originally served as a department store, is nowadays one of the most significant Functionalist structures in the Czech Republic.