Kavčí Hory Office Park Has It´s First Tenant

The project developer, the company HOCHTIEF Development Czech Republic s.r.o., has signed a contract with the first tenant of the office building Kavčí Hory Office Park.


Employees of the company Wüstenrot, which has been known in the Czech Republic especially as a building loan and savings company, will move into 5 storeys of the building, the total area of 5.000 square meters.


Wüstenrot offers

At present Wüstenrot offers, in addition to the building savings and loans associated with living purposes, also life and non-life insurance and mortgage loans.


“For the time being the company is housed in three buildings in Prague's Smíchov, and by moving all of our employees into one building our services will become more efficient and at the same time the company will fulfil its slogan which says: “all under one roof“.


Our employees and clients will definitely be pleased that the building is easily accessible by means of the public transport and by car and that it provides pleasant environment in a rather attractive locality“, said member of the board of directors and deputy of the general manager of Wüstenrot, JUDr. Pavel Pektor.


Company executive of the project developer, Peter Noack thinks highly of the fact that the first tenant of this exceptionally modern building is such a renowned company: “I firmly believe that both employees and clients of Wüstenrot will find this place highly satisfactory.


As the project developer we did our best so that the building suitably fits for the locality and meets the requirements concerning modern offices of the 21st century.“


The Kavčí Hory Office Park

The Kavčí Hory Office Park is situated on the land of the area of approx. 20.000 square meters nearby the crossroads of Pujmanové street and Na Hřebenech II in Prague 4. The interesting-looking office building of the gross above-ground area of 43.000 square meters was designed by Ing. akad. arch. Michal Gabriel.


The building is designed as a ridge system, where the linking block connects four wings, perpendicular to the block, with six or eleven storeys respectively. The land, on which the Kavčí Hory Office Park is built, was once used for storing purposes. The new building will thus increase the value of both the land and the adjoining locality.


The building will be surrounded with park greenery which will suitably complement the greenery of the nearby Central Park.


Before the building activities were started the building had been purchased by the company Europolis Real Estate Asset Management s.r.o.


HOCHTIEF Development Czech Republic

HOCHTIEF Development Czech Republic (formerly HTP ČR) is part of HOCHTIEF Projektentwicklung and has been operating in the Czech Republic since 1997.


In the second year of its existence, the company commenced the development of the first office project in Prague, Hadovka Office Park. This was followed in 2000 by the development of further office premises as part of the Technopark Pekařská project in Prague 5. Both projects were purchased by Europolis.


HOCHTIEF Development Czech Republic is currently implementing further projects involving total investment of approx. EUR 200 million, namely Trianon on Budějovické náměstí in Prague 4 where the investor is Union Investment Real Estate AG, Kavčí Hory Office Park on which construction is already underway, and the Cargoport logistics complex in Dobrovíz.


HOCHTIEF Projektentwicklung has been developing, implementing and selling real estate projects in Germany and other countries since 1991. The company focuses on offices, hotels and special-purpose properties in central and adjacent locations and is Germany’s leading city centre developer in these sectors.


Retail and logistics properties are emerging as a new field of activity. HOCHTIEF Projektentwicklung does not hold a property portfolio of its own; its aim is to sell its projects as soon as possible to an end investor. For more information visit www.hochtief-proiektentwicklung.de.


Europolis Real Estate Asset Management

Europolis Real Estate Asset Management, established in 1990, manages investment activities of the companies Investkredit Group, EBRD, AXA Real Estate Investment Managers and Union Investment Real Estate in the region of Central and Eastern Europe.


It deals with acquisitions of commercial real estates, development and management of real estate portfolio. This applies especially to office buildings, shopping centres and logistic parks.


Basic company values comprise professionalism, top level character of the real estates being built and managed, and transparent business activities. The portfolio managed by the company Europolis consists at present of more than 35 projects in Austria, the Czech Republic, Hungary, Poland, Croatia, Romania, Russia, and the Ukraine.


In the middle of 2007 the total value of the real estates managed by the company Europolis was approx. EURO 2 billion (www.europolis.cz).