Oberbank and Kapitel have prolonged the lease agreement for Oberbank’s Czech headquarter
Oberbank, one of the leading Austrian financial groups operating throughout CEE, has prolonged the lease agreement with Kapitel. Since 2004 Oberbank’s Czech headquarter is located in Prague at namesti I.P.Pavlova 5, a centrally located prominent historical building meeting all contemporary sustainability and technology requirements.
“This building has been an integral part of our presence in the Czech Republic since the very beginning. Its central location, excellent accessibility, and dedicated parking spaces make it an ideal base for both our employees and clients. We greatly value the owner’s commitment to maintaining and improving the property through thoughtful care and investments, which have fostered a professional and quality environment. We are pleased to extend our lease and look forward to continuing our operations in this exceptional space,” said Filip Vavruška, Director of Oberbank Czech Republic.
“Oberbank has been our long-term valued partner, and I am sincerely grateful for the opportunity to continue our wonderful cooperation in the years to come. Kapitel has invested heavily in the sustainability and technology of I.P.Pavlova 5 office building, keeping it continuously compliant with all the latest requirements, such as AI controlled indoor climate system, state-of-the-art building management system, new cooling tower, BREEAM In-Use certificate to name just few of the improvements. Continuous smart investment policy combined with an emphasis on long-term close relationships with our tenants is what Kapitel continuously strives for. I am pleased that Oberbank appreciates our efforts, and I assure that we will continue to do our utmost to exceed our tenants’ high expectations,” said Holger Tilk, Executive Director of Kapitel s.r.o.
I.P.Pavlova 5 (www.ippavlova5.cz) is a prominent Neo-Baroque office building located in the heart of Prague at namesti I.P.Pavlova 5 with ca 6,400 m2 of leasable area fulfilling all contemporary requirements for the human centred flexible working environment. The building awarded with BREEAM In-Use sustainability certificate level Very Good embraces office and retail premises with flexible layouts, serviced office spaces, state-of-the-art technology, furnished lush roof terrace and lobby lounge with complimentary Wi-Fi, bicycle parking, showers and other amenities that constitute high-quality contemporary office environment. In addition to Oberbank, the building is occupied by prestigious tenants such as Mews, Laufen, Regus and Ekolamp.
Oberbank is an independent regional Austrian bank, founded in 1869 in Linz. It operates in five Central European countries: Austria, Germany, Hungary, Slovakia, and the Czech Republic. In the Czech Republic, Oberbank has established a strong presence with 20 branches across the country, offering a comprehensive range of universal and specialized banking solutions for private individuals, businesses, and leasing clients. Oberbank is renowned for its personalized approach, built on strong personal relationships and an in-depth understanding of its clients’ needs. In 2024, Oberbank proudly celebrated its 20th anniversary in the Czech market, highlighting two decades of dedication to its customers and local economic growth.
Kapitel (www.kapitel.ee) is one of the largest real estate companies in the Baltics, with a portfolio of more than 337,000 m² of rental premises. The company owns six office buildings (Delta Plaza, Sõpruse Ärimaja and Arter Quarter in Tallinn, Elemental Business Centre in Riga, Narbuto 5 in Vilnius and I.P. Pavlova 5 in Prague). According to the 2024 Real Estate Brand Value Study, conducted by European Real Estate Brand Institute, Kapitel is the strongest office developer brand in the Baltics. The company is also a majority shareholder in four shopping centres and the company’s portfolio includes also two hotels in Tallinn and three industrial/logistics properties around Tallinn.