Andaz Prague, a neoclassical building, combines 16,395 sq m of hotel space and 530 sq m of retail space on the ground floor with separate and direct entrances from the street. A former office building constructed between 1912 and 1916 for the Sugar Industry Insurance Association, it has been completely refurbished and converted into a 176-key luxury hotel Andaz Prague, operated by US company Hyatt, which opened in March 2022. The building was categorised as a listed cultural monument by the Ministry of Culture in 1993.

Michaela Semanová, head of property management at Savills CZ&SK, says: “We are very pleased to have been appointed by UBM to manage this significant Prague project and our priority will be to provide high quality, client-focused property management services."

Savills property management department in Prague was established in April 2017 and has since grown to more than 35 people. Currently, the team manages a portfolio of 605,000 sq m, including office buildings, industrial parks, mixed-use and retail projects.