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Passerinvest launches construction of office project in Prague

Passerinvest Group has started the construction of a new office and mixed-use building in Prague's Brumlovka. Offices, shops, and rental apartments are all listed in the design concept of the Hila project.

With the ceremonial knocking of the foundation stone, Passerinvest Group started the construction of this project located in Prague 4. The building will offer a combination of approximately 20,500 sqm of offices for rent (2nd-8th above-ground floors), 71 rental housing units (9th-15th above-ground floor) and a commercial area of 2,000 sqm on the ground floor. The four underground floors will then provide approximately 420 parking spaces intended exclusively for the tenants of the building, including preparations for charging stations for electric cars. The planned completion of the office part is estimated at the end of 2026, and the full construction, including the residential part, is expected to be completed in the spring of 2027.

The studio Aulík Fišer Architekti is behind the project's design, while the company Gemo is the construction contractor. The owner and investor of the building is the Passerinvest Group.

"For two years, no significant office building has been built in Prague for the free market. After a series of renovations, a residential project, and non-profit buildings, an office building is being built in Brumlovka again, albeit with a multifunctional overlap. I firmly believe that this concept will find its customers," says Radim Passer, Founder and CEO at Passerinvest Group.

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Source: Property Forum