Construction of the ARA Palace
The ARA Palace was built in the early 1930s according to a design by renowned architect Milan Babuška and today it ranks among the most important functionalist buildings in the Czech Republic.
In 1992, the palace underwent a reconstruction, subsequently it functioned as a seven-story office building and was intended for rent. The tenants included ČSOB bank, Wall Street Institute, Jazz Republic, DLA Piper and others. In the building there were registered offices of 52 legal persons. Since 2014 the building has been owned by Palác Ara, s.r.o. company, whose sole owner is the Austrian ECE Group.
From the beginning of 2018 to 2019, a major reconstruction took place. Only the skeleton remained from the original structure, there are new elevators, technologies, air conditioning or windows in the building. The original neon backlight also returned to the façade. The five floors of the palace are now occupied by the Hub Hub coworking centre. ČSOB Bank continues to have a branch here.
ARA Department Store
On the site of the original neoclassical building then A. and R. Aschenberg opened a unique ARA Department Store, inspired by the department stores of the American cities. A unique functionalist building with a steel structure and typical rounded shop windows without columns, later known as the Perla Department Store, served its original purpose until the 1970s.
Thanks to the exposed location and unique architectural value of the building, the office space in this palace is an ideal choice for tenants looking for added value in the form of a truly prestigious address.
The ARA Palace offers almost 3,500 m² of first-class office space with flexible layouts and excellent lighting conditions. In addition, the tenants of offices on the seventh to ninth floor can enjoy a terrace and eye-catching views of Prague, including Hradčany and Na Příkopě avenue.
The ARA Palace is located in the centre of Prague, at the intersection of Národní street with the streets of 28. října, Jungmannova and Perlová, just a few steps from the entrance to the metro station Můstek (lines A and B). It is a prestigious location on the border of the Old and New Town, in close proximity to Wenceslas Square and na Příkopě boulevard, where there are seats and branches of a number of leading Czech and world companies. In addition, the area offers benefits of complete facilities with services, including restaurants, shops, shopping malls, banks, medical facilities and cafes, and excellent public transport and car accessibility.
The total area of the building is 4,500m ², with 9 above-ground and 2 underground floors, where you can find office, business and storage space. All premises are air-conditioned, with openable windows and double floors. The seventh to ninth floors also have terraces. On the ground floor there is a common reception area with 24/7 access. The building has a camera system, 3 elevators and access is provided by magnetic cards.
The complete reconstruction was carried out in 2019.
Area of rentable areas by floors:
7th floor + 8th floor – 307.9 m²
6th floor – 451.9 m²
5th floor – 530.6 m²
4th floor – 533 m²
3rd floor – 586.9 m²
2nd floor – 579.4 m²
1st floor – 525 m²
Ground floor – 488.7 m²
1st basement – 486.4 m²
2nd basement – 9.7 m²
Currently, retail space in the 1st basement with entrance also from metro, with a total area of 386 m², is available for rent. Please contact us for further information in case of interest.
ECE European City Estates
CZ-11000 Praha 1
Dipl.Ing. Theresa PETSCHKO
Head of Asset Management
Mob.: +43 664 333 10 54
ECE European City Estates
Gaadner Strasse 120
Tel.: +43 2237 722 77
Fax: +43 2237 722 77 22