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The First Building in The Orchard in Ostrava Opens - More Green for the City

Ostrava, 17th October, 2007 - Eight months after breaking ground on the first building of the Orchard office and hotel complex in central Ostrava, the real estate developer Red Group opens 12,000 sqm of offices. At the Grand Opening the developer donated 100 trees to the city. The trees will be planted and add greenery in locations that will determined by the city district.

Almost 70 % of office space has already been leased out. First tenants include prestigious names - HSBC and TietoEnator. Construction works on the second phase commenced in the beginning of September and foundation of the third office building is also in place. After full completion the Orchard complex will consist of four seven-storey buildings providing a total lettable area of 47,000 sqm and 800 car parking spaces. The Orchard project stretches beyond the usual Grade A office space, as it is the first complex in Ostrava to provide a full range of business to business and life-style services.