A weak Czech crown has helped attract new companies looking to expand their activities in the CEE to the Czech Republic, according to DTZ. VĆ”clav BouÄek, head of tenant representation at DTZ, claims that the Czech National Bankās decision to keep the crown weak against the euro until at least the second half of next year has attracted interest from global companies looking to relocate their shared service centers or IT centers to the Czech Republic. He points to MSDās decision to relocate its IT center to Riverview in Prague 5 as an example of the trend. However, tenants that do business in Czech crowns but pay rent in euro can lose tens to hundreds of thousands of crowns per month. As a result, an increasing number of tenants have started demanding that they be allowed to pay their monthly rent in Czech crowns, according to DTZ.
