The former Astrid cosmetics factory is strategically located in the heart of the Prague 7 district of Holešovice. This up-and-coming district is set to become a key office hub in Prague with multiple new office projects planned and the long-term strategic development of the large Bubny site finally moving ahead.

Astrid Offices is currently under construction and the project is due to be completed in H1 2021. The project comprises over 4,000 sq m of office premises and around 450 sq m of retail space. Already more than one year before the completion of construction, 50% of the available office space is reserved and / or leased.

Astrid Offices is being built to LEED Gold standard, offering a high level of environmental and sustainable credentials in line with the requirements of modern office occupiers. Designed by the award winning Bogle Architects, Astrid Offices will include electric bike charging facilities, bike storage and changing facilities, a state of the art air conditioning system, a shared green roof terrace and ‘smart’ window blind technology to optimise daylight and temperature regulation.

Fraser Watson, Director, Investment Advisory at Savills CZ&SK, added: "Our client, UBM Developments, is planning a fantastic regeneration project in Holešovice which will further strengthen the district’s commercial credentials. We believe that Portiva has committed to a very sound investment that serves their stated real estate strategy well. Savills extends thanks to our client UBM for entrusting us with this sale, Portiva, and all other professionals involved in making the transaction a smooth and successful process.”