News Article AFI Europe build-to-rent Czech Republic development Prague PRS residential
by Property Forum | Residential

AFI Europe has completed the shell of the fifth and final phase of the Tulipa Třebešín residential project which is intended purely for rental housing and completes a large-scale development on a 5-hectare urban brownfield site in Prague 3 - Strašnice. The building will offer a total of 61 residential units with an expected completion date of Q3 2022. The general contractor is Imos Brno. AFI Europe's total investment in Phase 5 will exceed CZK 250 million.

"We currently have three rental projects under construction in the metropolis with approximately 550 apartments. The tenement house in the Tulipa Třebešín project is of a more intimate nature, so its rough construction was completed first. Prospective tenants can look forward to a wide range of apartments with well-thought-out layouts, ample storage space and daylight," comments Elena Pisotchi, Sales and Marketing Manager at AFI Europe, adding: "House prices are still rising and homeownership does not provide the flexibility in personal life that the rising generation of millennials requires. Our goal is to meet them head-on and create modern housing that offers not only the comfort they need but also greater flexibility and freedom of choice."

The rental apartments will have identical standards to the apartments for sale in previous phases of Tulipa Třebešín, where 750 standard apartments have already been completed and sold. The rental residence will also feature several retail units on the ground floor.