Real estate newsFrom the pipeline of Svoboda & Williams

04. March 2022

Svoboda & Williams Employees Send CZK 400,000 to Ukraine

Following the Russian invasion of Ukraine, a wave of solidarity swept across the Czech Republic. Svoboda & Williams employees organized a donation drive and raised CZK 400,000 in just five days. The collected amount will be sent to the Red Cross.

“The entire world is watching what is happening in Ukraine and it’s important for those who can to help. Since last Thursday, a large group of colleagues have been supporting the country in various ways. Earlier this week, however, we came to the conclusion that joint and coordinated assistance is the most effective. We therefore chose to support Ukraine by donating to the Red Cross, which provides essential health care services in war-torn areas and is prepared for the arrival of refugees from Ukraine,” says Prokop Svoboda, owner of Svoboda & Williams.

You can support the Red Cross in Ukraine by sending a donation to the following account: 333999/2700, variable symbol 1502.

Slava Ukraini

21. February 2022

Trio Harrachov Successfully Sold Out

The Trio Harrachov project, consisting of three apartment buildings situated in a peaceful part of a sought-after resort town, was fully sold out by mid-February.

Cecílie was the first of the three buildings to be approved in the fall of 2020, and so the owners of its thirteen apartments have been able to enjoy two winters in their mountain homes. Last year, the remaining two buildings were completed and received final approval this February. Their new owners can at least take advantage of the end of the winter season and all that the area has to offer.

 

Trio Harrachov | Svoboda & Williams

16. February 2022

Svoboda & Williams Offers Offices for Lease in the Patria West Offices Building

The Svoboda & Williams real estate agency has been appointed to broker the lease of offices in the Patria West Offices (City West B1) building in Stodůlky, Prague, which are part of the portfolio of the Patria investment company.

Spread out over five floors in the Patria West Offices (City West B1) building, the offices cover a total of 22,755 sq. m. of leasable space. Currently, only smaller offices on the first and third floors are available. Due to the high number of large-format windows, each floor is flooded with natural daylight and provides views of the adjacent greenery and the plaza that is central to this complex of office buildings.

One section of the fourth floor is reserved for the West Flexi Offices serviced offices with flexible lease terms, which include traditional and day offices, coworking space, and meeting rooms. They can be used by tenants of West Flexi Offices as well as long-term tenants in the same building and even by those in the entire City West complex. The Patria West Offices building also has a central reception on its glazed ground floor, where there are restaurants, shops, and a fitness center. The underground garage offers 426 parking spaces, and Siemens and E.ON charging stations for electric vehicles are nearby.

A tremendous advantage of the City West complex, which is where the Patria West Offices (City West B1) building is situated, is the sprawling park that helps make the area a more pleasant working environment. “The attractiveness of the building, adjacent to a park and easily accessible from the city center, is increased by the in-house serviced West Flexi Offices. Tenant requirements have changed in recent years and larger office parks need to meet them by allocating space for more flexible office options. We therefore believe that the offices for lease in Patria West Offices will interest potential tenants for this very reason,” adds Jaroslav Waldhauser from Svoboda & Williams.

More about Patria West Offices.

 

Patria West Offices

16. February 2022

Market Report H2 2021: The Prague Residential Market Through the Lens of Svoboda & Williams

All of 2021 was marked by record-breaking demand for real estate and the rising prices thereof, neither of which slowed down at the start of the year despite expectations that they would. The property segment long monitored by the Svoboda & Williams real estate agency also experienced growth. The events of the past year are the focus of the eighth edition of our Market Report.

One of the main motivations of buyers that drove prices and demand for properties upward was a desire to protect their savings against inflation. Uncertainty about the future of the real estate market also played a role, as it’s impossible to know when property prices will peak. In 2021, clients of Svoboda & Williams paid an average of CZK 152,043 per sq. m. for new builds, i.e. 12.1% more than in 2020. The price per sq. m. for resales reached CZK 132,062, an increase of 10.6%.

These figures show that the average prices in the segment monitored by Svoboda & Williams don’t replicate the sharp growth in prices in the mainstream property segment during this period of good economic indicators. Inflation is most evident in the prices of apartments in new projects, due to the large volume of increasingly expensive building material and construction work.

Svoboda & Williams’ analysis also shows that average monthly rents have started to rise significantly. As expats and foreign students returned to Prague after the easing of pandemic measures, demand for rental properties recovered robustly, which also drove up the price of the average rent for an apartment in the segment monitored by Svoboda & Williams. According to the Rental Price Index by S&W + VŠE, it grew by 5.7% up to CZK 30,900 per month.

The analyses in the Market Report are based on sales and rental transactions generated by Svoboda & Williams’ activities, to which are added data on real estate sales obtained from the Land Registry that correspond to the parameters of the monitored sample. The Market Report works exclusively with data based on actually achieved prices, the calculation of which includes the price for parking spaces and a proportion of the exterior. To recalculate the exterior area, this methodology uses a specially developed algorithm that progressively reduces the exterior area while also taking into account its ratio to the interior area.

Another useful tool for a more accurate interpretation of the development of the rental market is the Rental Price Index by S&W + VŠE, an analytical instrument developed by Svoboda & Williams in cooperation with the Faculty of Informatics and Statistics of the University of Economics in Prague. The data used in this index are the actually achieved rents of apartments listed by Svoboda & Williams.

Svoboda & Williams Market Report | H2 2021 download (pdf).


Read previously published Market Reports.

 

Market Report H2 2021 | Svoboda & Williams

15. February 2022

Svoboda & Williams Brokered the Lease of 505 sq. m. of Office Space in the Trimaran Building

As part of an exclusive agreement, the Svoboda & Williams Commercial Leasing Team brokered the lease of 505 sq. m. of office space in the Trimaran building. The pharmaceutical company Gedeon Richter began leasing the space in December.

The multinational pharmaceutical company Gedeon Richter was founded in Budapest in 1901 and now has branches and production facilities all over the world. The company’s Czech headquarters were previously located in an office building in Prague 4 and one of the main requirements of the company’s management was to remain in this district, primarily due to its easy transport accessibility and good urban amenities.

From the very beginning, the plan was to relocate Gedeon Richter’s Czech office to a more modern building that would better meet the company’s current demands for a high quality workplace. After considering several alternatives, they selected the offices in the Trimaran building,” says Petra Schinkmannová, Property Consultant at Svoboda & Williams, who represented the client throughout the entire relocation process.  

Gedeon Richter Czech Republic | New Headquarters

28. January 2022

West Flexi Offices Hosted a Breakfast at Their Shared Offices

The shared West Flexi Offices, which are located in the Patria West Offices complex in Stodůlky, are starting to come alive after launching two months ago. The spaces were filled not only with works by contemporary Czech artists, but also by their first tenants, who could meet and chat during a buffet style breakfast on January 27th.

The breakfast was a pleasant opportunity for new tenants to meet the whole team involved in the day-to-day operations of West Flexi Offices, as well as the architects from the SAD studio, who designed the interiors. Tomáš Pribiš, a member of the Board of Directors of the Patria investment company, whose portfolio includes the Patria West Offices complex, also attended the breakfast.

During the breakfast, representatives of various companies specializing in commercial leasing such as CBRE, JLL, Knight Frank, Office Hunters, Prague Offices, and from the neighboring offices in the City West complex were able to get acquainted with the premises. Together, they toured the available offices and viewed select pieces by Petr Písařík, Krištof Kintera, Jan Kaláb, Vladimír Véla, and other contemporary Czech artists. “Art is a significant element in all of the offices with flexible lease options. One wall in West Flexi Offices provided an ideal space to display a three-and-a-half meter long large-format painting by Petr Písařík. We had to bring it up all the way to the fourth four using a material hoist, which was a real challenge. The painting now dominates the entire space,” said Marie Kantorová, Office Manager at Offices Unlimited.

The first tenants of the shared West Flexi Offices are Global Marketing, Importo Drive, Bodyking Fitness, Hausin architecture & design, Western Ingredients, Napojse, and CMC Online. “We are happy that the new spaces are filling up with tenants from various fields. Another inspiring work environment is gradually being created here, which we will also expand by additional square meters of flexible offices in the coming months,” adds Kateřina Burešová, Flexible Workspace Consultant at Svoboda & Williams. The new premises have expanded Offices Unlimited’s current portfolio to 5,000 sq. m. of shared offices.

More information about the shared West Flexi Offices.

 

West Flexi Offices | Offices Unlimited

26. January 2022

Tenants of myhive Flexi Offices Presented Their Companies at a Joint Breakfast

On Wednesday, January 26th, the shared myhive Flexi Offices hosted a breakfast for tenants, during which they mingled and presented their companies and activities.

The uniqueness and advantage of shared offices is tenant diversity. People from various segments come together in one place, which can often lead to new contacts and relationships. When we came up with the idea of preparing a breakfast for our tenants, one of them suggested that we could all take the opportunity to introduce ourselves,” said Marie Kantorová, Office Manager at Offices Unlimited.

Representatives of IT, insurance, or market research companies that are currently based in myhive Flexi Offices gave presentations about their work. Dalibor Němec introduced Gappex, which specializes in digitizing and optimizing processes within companies and Ahmad Herzallah spoke about a new project, Virtualizedin, which his company, Ternologic, is in the process of developing.

Lucie Spilková from the MI Estate investment company pointed out that two years ago they started leasing several square meters in myhive Flexi Offices and today they take up practically half of an entire floor. One of myhive Flexi Offices’ earliest tenants, Neon IT, is growing so fast that it’s planning to set up microbranches throughout western Europe. All of the tenants confirmed that the shared offices are an inspiring workplace, in which they can grow and achieve their goals.

More about myhive Flexi Offices.

 

myhive Flexi Offices

25. January 2022

Svoboda & Williams Financially Supported the Czech Society for Ornithology

Svoboda & Williams has financially supported the Czech Society for Ornithology with a donation. The Society has been involved in the protection of birds and their natural environment for a long time and strives to motivate the general public to protect them as well.

In addition to its monitoring and research activities, the Czech Society for Ornithology also helps establish bird parks that are not only refuges for birds, but for other endangered animal and plant species as well. Thus far, the CSO has been behind the successful creation of four bird parks: Josefovské Louky, Mnišské Louky, Kosteliska, and Malou Lipovou. The donation will be used for the future development of these areas.

We have been involved in the protection of valuable natural habitats for many years now, for example through our cooperation with the Wetlands and Zamenis associations. The Czech Society for Ornithology focuses on activities that are closely intertwined with ours, and so supporting them was the logical next step,” says Prokop Svoboda, Managing Partner of Svoboda & Williams.

 

Svoboda & Williams Financially Supported the Czech Society for Ornithology

19. January 2022

Zdeněk Vojtek Is the New Regional Director of Svoboda & Williams

This January, Zdeněk Vojtek joined the Svoboda & Williams team. After spending many years working for leading real estate companies, he is now Regional Director for Moravia.

Zdeněk Vojtek has been active in the real estate market since 1998. For seventeen years, he led his own real estate agency and in 2015 worked as Leasing Manager at AIG/LINCOLN CZ, later known as White Star Real Estate, where he was responsible for real estate transactions in the Campus Science Park office complex, logistics, and retail. For the last almost three years, as Senior Leasing Manager for the CPI Property Group, he was in charge of a regional portfolio that focused on the office segment, which included the multifunctional Nová Zbrojovka project, for instance.

So far, I’ve had the opportunity to participate in very interesting projects that are transforming the city of Brno. I’m looking forward to a new challenge—developing the full potential of the Svoboda & Williams company in Moravia,” says Zdeněk Vojtek, new Regional Director at Svoboda & Williams.

 

Zdeněk Vojtek Is the New Regional Director of Svoboda & Williams

12. January 2022

Newest Team Members at Svoboda & Williams

At the beginning of 2022, the Svoboda & Williams’ team increased rather significantly. Residential Sales and Rentals netted the most new hires, but the Analytics, Marketing, and Property Management teams also expanded.

Kryštof Kušiak, who holds a master’s degree in management from the University of Economics, joined the company as a Research Analyst. He previously worked in finance, project management, and was an acquisition analyst in development. He is currently studying real estate valuation remotely. Kryštof speaks English and French fluently.

The Marketing Team welcomed Erika Tikan as Junior Graphic Designer. She is currently studying for a bachelor’s degree in multimedia in economic practice at VŠE. She previously worked on private graphic and photography projects and created her own short film. Erika speaks Russian, Ukrainian, and English.

Zuzana Opačitá is the newest member of the Property Management Team. She received a master’s degree from Comenius University’s Faculty of Law. She has been working in property management since 2016, including a stint at Bohemian Estates and Hamilton & Co Asset Management, where her portfolio included residential rentals. Zuzana speaks English fluently and German at a conversational level.

Three new Sales Representatives were welcomed into the various Residential Sales teams. Dominika Heidenreichová is a student of media studies at the Metropolitan University Prague. Her previous work experience includes a job as an Event Coordinator at a golf resort. Dominika speaks English fluently. Zuzana Štafurová has been working in real estate for seven years, both in residential sales as well as rentals, and her experience also extends to property management. Zuzana speaks both Slovak and English fluently. Oli Dohnal Zhuk has a degree in work and organizational psychology from the Maastricht University and also holds a project management certificate from Baruch College. Oli worked in education and consulting, and speaks English, Ukrainian, and Russian.

Roman Mrázek and Jakub Neužil are the latest Letting Representatives to join the Residential Rentals team. Most recently, Roman worked as a recruiter at Hays and previously had a job in London at the Villaverde design studio, and therefore speaks English fluently. Jakub has a master’s degree in international business from the University of Economics. As a student, he was an intern at the Lasvit branch in London, and spent two years in the beer brewing industry. Jakub speaks English and Spanish fluently.

Our reception desk also recruited new members. At our office on Na Perštýně Street, you can now meet Linda Victoria Nitrová, who is currently studying for a bachelor’s degree in digital marketing and creative communication at the University of Creative Communication. In high school, she spent half a year in Canada, where she learned how to speak English fluently; German is her native language. Alena Krejčíková, a graduate of the Business Academy in Liberec, joined the Reception team in our newest West Flexi Offices. She speaks English fluently and Russian at a basic level.

 

Newest Team Members at Svoboda & Williams

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