Colliers International announced today that it has successfully conducted four separate lease negotiation transactions, in each case representing the tenant.  The clients were international companies BASF, Covidien, BMW and RedHat.


Colliers International’s Office Agency Team was exclusively mandated by BASF to represent them in the leasing of new office premises for their headquarters in Prague. BASF, the world’s leading chemical company, has relocated from the outskirts of Prague 5 to the Futurama Business Park in Prague 8 – Karlin.  Futurama, a much more centrally located office building, was recently granted a BREEAM Very Good certification, which will allow BASF to achieve savings in operational costs on the top of the real estate savings negotiated by Colliers.


Colliers also represented Covidien, a global healthcare products leader operating a shared service centre in Prague since 2006, in the renegotiation and expansion of their offices in the outer city district of Prosek in Prague. For Covidien, the Colliers team managed to achieve exceptional savings, which included fit-out in the expansion premises.


On the basis of regional cooperation with BMW, Colliers was called upon to represent the Bavarian luxury auto maker in the renegotiating of its lease agreement in Office Park Nove Butovice. BMW currently maintains offices as well as showroom space in the Prague 5 property, and as a result of Colliers’ representation they will now have more favourable lease terms and cost savings, as well as renovations to suit their requirements.


The fourth lease transaction was completed for RedHat in Brno, where the company operates the biggest software development centre in the world. RedHat, a long-term client of Colliers, opened a new building for about 200 employees to expand the existing centre. The new building – Forum Business Centre II - is also located in Purkynova street, Kralovo Pole city district near the campus of VUT.


“We are delighted to announce the completion of these lease negotiations,” said – Jana Vlkova, Director of Office Agency, Colliers International Czech Republic. We work hard to guarantee that each of our clients benefit from the best negotiation expertise to secure the best locations and space for their requirements, and it is extremely satisfying when we accomplish our goals.”