Orco Welcomes Office House CZ in its Palace Archa

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Orco Welcomes Office House CZ in its Palace Archa


Prague, September 15th 2009 – Orco Property Group, investor, developer and asset manager in the
Central European real estate and hospitality market, is very pleased to announce the successful signing of
a rental agreement with Office House for Palace Archa in Prague 1 district. Office House, which
specializes in the provision of registered office and virtual office services plans to use total of 724 sqm of
serviced office space within its new business center.

“A year ago we started planning our current project FLEXI (serviced office space). Our goal is to offer our
clients completely furnished and serviced office space including administrative and technical support with
flexible rent term. We had a clear vision and when searching for an ideal place for our project we expected a
representative location Prague 1 with good access. Palace Archa fulfils all these expectations: it is situated in
prestigious location, has exceptional access by car or public transport but also by train or bus“ explains Mária
Komárová, Sales Director of Office House.

Orco owns the whole property which consists of five buildings and a courtyard, including two historical
buildings designed by renowned architects Josef Go?ár and František Marek in 1930’s. The project totals
approximately 22 500 sqm of leasable office space and 1,300 sqm of retail premises in the passage connecting
the Na Po?í?í and Na Florenci Streets and also includes 120 underground parking Places.

Orco has transformed the building into a modern multifunctional project. The reconstruction was carried out in
two phases. The first phase totaling 9300 sqm was officially delivered on 20th March while the occupancy
permit of the second phase totaling 14 830 sqm was received in May 2009. Amongst the tenants are Robert Half
International, Roland Berger, Dunovska and partners and Starbucks Coffee. The passage represents the
entertainment part of the project and provides the visitors with an opportunity to enjoy their leisure time in the
Archa theatre.
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