AFI Europe enters Prague's rental housing market

21
Jul
2022
News - AFI Europe enters Prague's rental housing market #AFI Europe #Czech Republic #development #Prague #PRS #rental

by Property Forum | Residential

Developer AFI Europe has announced the completion of the Tulipa residential project on a five-hectare brownfield site in Prague 3 Strašnice. This latest, fifth phase with an eight-storey apartment building cost the developer more than CZK 250 million and will be the only one dedicated exclusively to rental housing with 61 apartments.


The last building of the Tulipa residential project by developer AFI Europe has been completed. The eight-storey building AFIHOME Třebešín in Prague 3 Strašnice will be exclusively for rental housing. It will offer 61 flats in layouts from one bedroom to three-bedroom flats, which can be rented fully or even partially furnished. Garages are in a separate building. The developer cooperated with the general contractor Imos Brno and the company XXXLutz, which equipped the interiors.

"Along with the 61 apartments in our first completed rental housing project, we currently have more than 800 more rental units under construction under the AFIHOME brand. We see the completion of the first building as a significant milestone from which we are beginning to achieve our long-term goal of exclusively focusing on rental housing in the residential sector in Prague," comments Elena Pisotchi, Sales and Marketing Manager at AFI Europe. Those interested will be able to move in from this autumn, but can already come and see the recently completed model apartment.

AFI Europe's total investment in the fifth phase exceeded CZK 250 million. The rental apartments will have identical standards to the apartments for sale in the previous phases of Tulipa Třebešín, where 750 standard apartments have already been completed and completely sold. The project is located close to the Želivského metro station and includes a park, kindergarten and retail shops.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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