Svoboda & Williams Mediates Acquisition of Headquarters for Czech Communication Agency

“At the moment we register about 25 companies, which have contacted us about acquisition of commercial properties. They are interested in properties ranging from 500 sq.m. up to more than 15 000 sq.m. In most cases, companies are looking for office space, nevertheless, there are also companies from the health care and retail sector which inquire about other types of commercial space,” says Michael Hynšt, a member of the SWIM team (Svoboda Williams Investment Management), about the current trend.

Companies usually consider acquiring a property because they wish to invest their capital into the future of their own business instead of paying rent. They also wish to take advantage of the current period of low interest rates. What's more, a company that decides to buy its own headquarters benefits from a high level of control over its investment. Apart from these factors, companies are motivated to acquire commercial properties by their desire to retain a strategic business location for a longer period of time, to get better branding opportunities, better visibility, a more attractive working environment as well as a sort of prestige associated with property ownership.

Svoboda & Williams currently features many off-market investment properties, well-suited for a company headquarters, and offers its professional service and consultancy to companies interested in exploring this opportunity. Among Svoboda & Williams's clients which benefited from these services has been the LiveSport company. Svoboda & Williams assisted LiveSport with the acquisition of land for their new headquarters, which will be situated near the Nové Butovice metro station.

Patrik Dzurenda, LiveSport's COO, has commented on the cooperation with Svoboda & Williams as follows: “We approached SWIM in the summer of 2014. The whole cooperation lasted for about a year during which we got acquainted with dozens of projects which met our criteria. Their active search for the land, buildings and project, as well as their quick reactions to the changes in our request were very important for us. Eventually, we managed to acquire land for the construction of an administrative building right by a metro station which was one of the key criteria for us. In the course of the whole cooperation, the SWIM team professionally and proactively tackled our requirements for which we are very grateful."