CPI PROPERTY GROUP GAINS GROUND WITH MAYHOUSE BUILDING PROJECT
Luxembourg / Czech Republic, 13. December 2017 - CPI Property Group, a real estate investment group, has begun work on the MAYHOUSE office building, offering 7700 square metres of modern office space in the first half of 2019. The building sensitively fills a vacancy on the 5. května street in Prague in the sought-after location of Pankrác with views to Prague Castle.
"In preparing the MAYHOUSE project, we principally concentrated on the efficient use of space for larger and smaller companies. The building minimises common corridors and other "deaf" spaces and is very flexible in terms of office size. Unique to the project, is its location on Prague's main thoroughfare and the associated exceptional visibility of tenants, "said Pavel Hain-Schmiedbersky, Senior Office Asset Manager at CPI Property Group.
The building is situated directly on Prague's main thoroughfare, which guarantees future tenants excellent access not only to the Prague ring road but also to the D1 motorway. The building enjoys favourable proximity to public transport, thanks to convenient pedestrian access to Pankrác and Pražského povstání metro stations. Large-format windows deliver exceptional daylight to the building and significantly, display the illuminated logo of each tenant located behind the building’s facade, which thanks to its location offers maximum visibility. There is also underground parking including bicycle storage, commercial business units on the ground floor and a roof terrace overlooking Prague Castle.
The general contractor is PSJ. At present, construction is underway of the lower structure of the building, in which there will be 69 underground parking places. The 6-storey building will create office space, with a typical floor offering approximately 1580 square metres.
For moreinformation on MAYHOUSE, please visit www.mayhouse.cz
CPI Property Group
The project is being built by CPI PROPERTY GROUP ranks among the most significant real estate groups focusing on long-term real estate investments and property leasing, specifically in Central Eastern Europe and Germany. The majority owner of the group is the real estate investor Radovan Vítek, who as of 2014, incorporates not only a valuable real estate portfolio, but over 25 years of investment experience on the Central European real estate market. The Group has its registered office in Luxembourg, with its shares
traded on the Frankfurt Stock Exchange and a Baa3 Moody's investment rating received in September 2017. The Group manages assets worth in an excess of CZK 170 billion and operates in offices, retail, housing, hotel accommodation, industrial parks and logistics centres. The youngest segment is agriculture, where CPI Property Group targets capital appreciation with its extensive portfolio of agricultural lands and a stable income from its management. The Group also owns a large portfolio of land in the Czech Republic and Slovakia alongside Poland, Hungary, Romania and Germany.
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