Český Telecom to lease Gamma Building in BB Centrum (CZ)

Český Telecom, the Czech Republics biggest telecommunications service provider, has entered an agreement to lease the Gamma Building, which has become the BB Centrums flagship building. Český Telecoms subsidiary Eurotel already uses the BB Centrums A and D buildings. This is indisputably one of the most significant rental agreements in the Czech Republic.

BB Centrum is the largest administrative complex in the Czech Republic. It currently consists of 8 buildings that offer a total of 100 000 m2 of office space that is complemented by shops, services residential units and restaurants. To date over 6 000 people work in this complex. Upon the projects completion, the BB Centrum should comprise 15 buildings with over 300 000 m2 of rentable space.

The Gamma Building is situated in close proximity of an arterial road (5. května Street) and has been under construction since January 2005. Since its completion in 2006 it has offered over 30 000 m2 of office space and its enormous underground car park has enough space for over 500 automobiles. Gamma will certainly rank among the countrys most impressive modern administrative buildings. With its ten above-ground and three underground storeys it will create the BB Centrums hitherto missing southern corner. The projects developer, Passerinvest Group, a.s., has been co-operating with well-established partners. The head architect is Ing. Arch. Jan Aulík and Studio A, the financer is HVB Bank and the buildings general contractor is PSJ Holding.

We have been contemplating moving the companys headquarters, which will allow for the full physical integration of employees in one area during the ongoing process of consolidating Český Telecom and Eurotel, for a long time now. Apart from having our own building constructed, the BB Centrum was one of the alternatives we considered. Together with our subsidiary company Eurotels experience with the BB Centrum buildings, professional and constructive negotiations with Passerinvest Group palyed significant role to our decision to select the BB Centrum Gamma building. We are happy to relocate Český Telecoms headquarters to the BB Centrum campus, where several other companies with prominent names are situated, says Juraj edivý, Český Telecoms Chief Financial Officer.

We tried to prepare an attractive offer for Český Telecom. Of course the rent was adjusted in accordance with the magnitude of the agreement and the duration of the lease. We are certain that both parties will be satisfied, added Passerinvest Groups Chairman of the Board, Radim Passer.

Source: Passerinvest Group

Related News