Construction is underway on a new office building in the Meteor project in Prague 8-Karlín. CPI, which made only slight changes to the original scheme, decided to start construction on Phase C of the project to meet the expansion needs of tenants in Meteor A and B. Phase C is scheduled for completion in autumn 2014. Zdeněk Havelka, the CEO of CPI Group, told Hospodářské noviny he believes the building will be fully leased prior to opening thanks to its prime location in Karlín.

Mayhouse in Prague 4 is another project CPI took over from Ablon. Construction on the 6,500 sqm office building should start before the end of the year. CPI plans to build it speculatively. Both projects will cost the developer CZK 250m each. A bank loan has been secured for Meteor, while Mayhouse will be financed from developer’s own equity. (source: cijjournal.com)