Prague, Czech Republic - DRN combines quality attributes such as a central location, modern design and ambitious architecture in one piece of real estate. The name speaks for itself – DRN (“tuft of grass” in Czech) consists of a new build with a façade covered in greenery combined with the Schönkirchovský Palace of 1734. Both buildings have been developed to a high standard and designed with a particular emphasis on their architecture. DRN is also one of the most attractive office buildings in Prague, as it meets numerous investment criteria to the highest standards.

The centrally located property features contemporary space and a heritage building. Designed by Stanislav Fiala, the building incorporates parts of the original Schönkirchovský Palace which dates from 1734 with an interconnecting new building which was completed last year provides high quality office space and eating and drinking amenities. DRN is located in the centre of Prague and is a stone’s throw from the National Theatre, Charles Bridge and Wenceslas Square. The property is almost fully let and is currently being used by 13 tenants. A coworking company provides modern workspaces that suit the requirements of startups and millennials, with shops, restaurants and terraces completing the offer. The rental space totals 12,595 m² with 2,290 m² in the old building and 10,305 m² in the new building. 

Technical Due Diligences (TDD) has been carried out for our clients KGAL, with the intent to buy an existing office building. This TDD project in particular consisted of a review of the actual buildings technical state including a cost estimation of identified defects and designs of their removal.

This particular TDD assignment comprised site review, assessment of its current condition from the various points of view such as architectonical, constructional, static, MEP, fire safety and external façade checking.  All of these were reported including a photo documentation.

All identified defects were assessed as per their seriousness and were being added with a qualified investment costs estimation for their removal. TDD also covered a building review from legal point of view (building conformity with valid construction standards). This is being provided by creating a summary and analyses of the most important issued permits including identification of possible neglects or related risks.

 The Arcadis team was led by Head of Financial Institutions, Jan Podzimek, assisted by Project Manager Frantisek Mudra and other professionals in the Arcadis’ expert team. Jan Podzimek and his team advised on technical matters and aspects of the local market during the transaction. Arcadis provided detailed Technical Due Diligence (TDD), Environmental Due Diligence (EDD), Reinstatement Cost Assessment (RCA), Planned Preventive Maintenance plan (PPM), service charge analysis – Maintenance Costs Assessment (MCA) and other support during the transaction.

 ,,Regardless of many completed real estate transactions to date the Arcadis team was excited and proud of the opportunity to play a significant technical role during the DRN acquisition due to the unique genius-loci of these assets. We congratulate KGAL on the successful closing of this exceptional acquisition and look forward to co-operating on the next KGAL projects in CEE or worldwide,´´ said Jan Podzimek, Head of Financial Institutions.


Questions about this project

Ing. Jan Podzimek

Head of Financial Institutions +420 607 170 521 Ask me a question
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