The Flow Building, a modern building developed by Flow East, is now fully let. Phrase, a provider of language localisation software, is the tenant that has leased the last available 1,400 sqm of office space on the fifth floor of the exceptional project located on Prague’s Wenceslas Square.
The Flow Building offers its users retail and office space that meets the highest standards of sustainability. Its unique design and position in the heart of Prague makes it an attractive location for companies and their employees. It is therefore no wonder that the building reached full occupancy quickly after its opening.
Phrase will begin fitting out its new 1,400 sqm office space in early 2023. The new offices will create additional employment opportunities for this dynamic technology company, which plans to build on its rapid growth and international success to date. Phrase provides cloud-based location solutions enabling organisations of all sizes to access markets around the world. Through its suite of solutions, today it helps brands like Uber, Shopify and Volkswagen accelerate their global growth by being able to provide their target audiences with the content they need in the languages they speak.
“We are extremely excited about moving into our new and inspiring European headquarters in The Flow Building. Phrase has had a very successful year, with the launch of our new unified brand and Phrase Localization Suite solution accelerating the pace of our growth. As part of our continued development, we want to create a dynamic and attractive working environment for all employees. The location, the unique design and the attractive facilities that The Flow Building offers are exactly what we need as a progressive and fast-growing technology company to provide a space for talented people who will continue to drive our business forward,” said Georg Ell, CEO of Phrase.
The Flow Building represents a new type of mixed-use project in Prague, combining cutting-edge amenities and sustainable design, all in the setting of one of the city’s most historic districts. The Flow Building holds a number of real estate awards, including Commercial Project of the Year 2021 from the Estate Awards, Best Office Project and Overall Winner at the HOF Awards, and Best Retail Project at the CIJ Awards Czech Republic 2021.
In addition to these awards, The Flow Building received the prestigious BREEAM sustainability certification at the “Outstanding” level. Its 15,000 sqm of office space and 7,000 sqm of retail space provide tenants with all the comforts and amenities, including electric vehicle charging stations, bike rooms with changing rooms, showers and toilets, or a high level of natural daylight in the interior thanks to an innovative exterior façade.
“The Flow Building has been designed to reflect the vibrancy and innovative spirit of Prague. And these attributes are shared by our new tenant, Phrase,” says James Woolf, CEO of Flow East. “Once they move into their new offices, their employees will be able to enjoy all the benefits the building has to offer, including a spacious roof terrace or shared lounge ideal for working and relaxing. We look forward to welcoming Phrase to the new premises next year.”
In addition to The Flow Building, Flow East owns a portfolio of prime commercial and residential properties and luxury hotels. It owns and manages all of its projects and has recently been successful in investing in specialist refurbishments of premium historic properties as well as modern developments and solar energy.
