Palác Dunaj to welcome prestigious majority tenants. Zeitgeist Asset Management is behind the rapidly-progressing reconstruction of this iconic constructivist building in the centre of Prague on Národní třída.
It has concluded a rental contract for 2,600 sq m of premium space with the European Commission Representation and European Parliament Liaison Office.
The new premises will become a hub to obtain up-to-date information on what is happening in the EU, for gatherings to discuss European issues, and to further learning on the European Union. The interactive “Europa experience” centre to the general public will be a new feature, with the aim to bringing Europe closer to citizens in an attractive and engaging way.
Palác Dunaj is located on the corner of the Národní and Voršilská streets in the centre of cultural events near the National Theatre, the Slavia Café and the Academy of Sciences of the Czech Republic.
The seat of the representations of the Union’s institutions and the “Europa experience” centre in Prague should be a link between the EU and Czech citizens. “Our mission is to inform about the EU. We organise regularly debates on topical issues, seminars or study trips to Brussels. Our cultural events such as exhibitions or cinema with European films are also very popular,” describes the work Monika Ladmanová, Head of the European Commission’s Representation in the Czech Republic. “At the same time, we inform our colleagues in Brussels about developments in the Czech Republic and organise the visits of Members of the European Commission in the Czech Republic. That is why it is important for us to have a headquarters in the city centre: it is easily accessible to citizens and allows visitors from Brussels to discover the beauty of Prague despite their busy work schedule.” The new spaces in Palác Dunaj will also include office facilities and a conference hall.
The complete reconstruction of the almost century-old corner building Palác Dunaj on Národní třída started in December 2020.
The heart of Palác Dunaj will become the central atrium (which was inaccessible for many years) with its terrazzo floor and original paternoster lift.
After its reconstruction, the building will provide prime office spaces with a total area of more than 6,700 sq m and a further 2,000 sq m on the ground floor for retail units and services. The expected completion date is at the end of next year.