Red Bull joins Churchill Square office complex managed by Českomoravská Nemovitostní

The investment group Českomoravská Nemovitostní (ČMN) has announced that Red Bull is the newest tenant at Churchill Square II, a prestigious office complex managed by the company. This addition underscores the continued demand for high-quality office space in Prague and boosts the building’s occupancy rate, which now stands at an impressive 95% of its 33,000 sqm leasable area.

The Churchill Square office complex is celebrated for its prime location in Prague 2 and its modern facilities, which cater to the needs of international companies. Nicol Bejček Panská, Head of Asset & Property at ČMN, commented:

“We are delighted to welcome Red Bull as a new tenant at Churchill Square. We are confident that our modern and inspiring space will support their dynamic team’s growth and success. We look forward to a long-term and fruitful collaboration.”

In November 2024, ČMN finalized the acquisition of the remaining 25% interest in Churchill Square, achieving full ownership of the project in a transaction valued at CZK 4 billion. Alongside Red Bull, other prominent tenants include Deloitte and Fortuna, further demonstrating the complex’s appeal to high-profile companies. This significant investment aligns with ČMN’s strategy to strengthen its position in the premium office market.

Josef Eim, Vice-Chairman of the Board of Directors at ČMN, highlighted the market dynamics:

“Prague offices remain a stable investment with promising growth potential. However, challenges such as administrative hurdles and rising costs complicate the development of new projects.”

ČMN has solidified its reputation as a leading player in the Prague office market. Its portfolio includes not only Churchill Square but also Blox, City West C1 and C2, Václavské náměstí 62, and Crystal. Additionally, through its NEMO fund, ČMN manages properties such as Corso Karlín, Apeiron, Mezi Vodami, and Aragonit. With high occupancy rates and a diversified portfolio, ČMN demonstrates resilience and a strong growth trajectory in the real estate sector.