Skanska's office project Riverview in Prague 5 has been successfully commissioned for use. The anchor tenant, the pharmaceutical company MSD, has taken over the premises and is scheduled to relocate to the building in January 2015.
MSD will occupy 90% of the building's 7,000 m² GLA. The company plans to establish an IT Global Innovation Center at the site. It will cover a wide range of global IT services and is expected to create up to 500 new jobs.
Prague is a promising market in terms of business services. According to the latest ABSL report, Prague experienced an increase in demand from large BPO/SSC specialists in 2014, and there seems to be a great potential for growth in the short- to medium-term.
“Increased activity in this sector both from existing investors and newcomers will require office space that is tailored to their needs, especially from the perspective of easy access to public transport and quality office space,” says Marie Passburg, Managing Director, Skanska Property Czech Republic. “We are happy that Riverview managed to meet MSD´s requirements. It is worth mentioning that this lease agreement is not a simple relocation of existing office space but a new absorption, which is good for the office market.”
Riverview is located on the Vltava riverbank, in the evolving business district of Prague 5-Smíchov. The project is within walking distance to the Anděl metro station and the Na Knížecí bus stop, allowing for an easy commute from both the city center and suburbs. Furthermore, the location offers a direct approach to the motorway to Plzeň as well as connections to the Prague ring and the airport.
The complex was designed by the renowned Swedish architecture studio Tengbom, and Skanska a.s. was the general contractor.