11. Juni 2010 
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Renegotiations help category B offices
Lease renegotiations accounted for 33% of total transactions last year and their share is expected to remain strong. Since last year the percentage of renegotiations rose significantly for category B office space transactions and to 70% in the first quarter. “In general, tenants still have quite a few projects to choose from when considering to relocate their offices, the extent of which depends on geographical preferences of the tenant. However, pro-active landlords and property managers who have developed and maintained good relationships with and understand the needs of their tenants have proven to be able to successfully renew leases and keep their tenants,” said Bert Hesselink, head of the leasing department at DTZ’s Prague office.
The latest large renegotiations occurred at the Pekarská 14-16 complex in Prague 5, which is owned by the company Heitman. ClarioNet extended and expanded its lease in the building at Pekarská 14, where it now has 714 sqm. Another major tenant, Adidas, has undergone consolidation whereby it concentrated its offices onto three floors of one building at Pekarská 16 with a total capacity of 1,747 sqm. The DTZ team represented the property owner in negotiations from the position of rentals and property management. The buildings at Pekarská 14-16 house such major tenants as Beiersdorf, tesa tape, Ucetnictví on-line, and the multinational company Du Pont.
In category B administrative buildings, leases were signed in the first quarter of this year totaling 12,103 sqm. For the full year 2009 this figure was nearly 17,000 square meters, in 2008 over 14,000 sqm and for the year before 25,540 sqm. The largest leases in March included 2,260 sqm for CEPRO in the renovated Rosmarin building in Prague 7, 1,600 sqm for Certicon in Mánes House in Prague 2, and the lease of 3,250 sqm to L´Oreal in Palac Krizík in Prague 5.
The latest large renegotiations occurred at the Pekarská 14-16 complex in Prague 5, which is owned by the company Heitman. ClarioNet extended and expanded its lease in the building at Pekarská 14, where it now has 714 sqm. Another major tenant, Adidas, has undergone consolidation whereby it concentrated its offices onto three floors of one building at Pekarská 16 with a total capacity of 1,747 sqm. The DTZ team represented the property owner in negotiations from the position of rentals and property management. The buildings at Pekarská 14-16 house such major tenants as Beiersdorf, tesa tape, Ucetnictví on-line, and the multinational company Du Pont.
In category B administrative buildings, leases were signed in the first quarter of this year totaling 12,103 sqm. For the full year 2009 this figure was nearly 17,000 square meters, in 2008 over 14,000 sqm and for the year before 25,540 sqm. The largest leases in March included 2,260 sqm for CEPRO in the renovated Rosmarin building in Prague 7, 1,600 sqm for Certicon in Mánes House in Prague 2, and the lease of 3,250 sqm to L´Oreal in Palac Krizík in Prague 5.
