Construction got underway yesterday at CTP Invest’s Spielberk project in Brno, meaning the delayed third phase, an office and hotel tower should be completed in the first quarter of 2012. Traditional tenants like Lufthansa were on hand, along with a newcomer to the Brno scheme, AVG. At the event, which market the project’s 5th anniversary, the guest list included Dutch ambassador Jan C. Henneman, pictured (left) with CTP director Remon Vos. The two were about to be lifted by crane to a height of 85 meters.
CTP is going ahead with construction on the last phase of the project despite substantial office vacancy in the Czech Republic’s second city. The calculation is apparently that the project, and the location, are strong enough to continue produce take-up.