Central Group plans hybrid nurseries in new Prague project

27
Jul
2022
News - Central Group plans hybrid nurseries in new Prague project #Central Group #Czech Republic #development #Prague

by Property Forum | Residential

Considering how Prague and its population will grow in the next few years, developer Central Group is planning schools and kindergartens. In its Nová Ruzyně project, it plans to build housing for more than 6,600 people and incorporate kindergartens directly into residential buildings. The developer plans to start construction within two years, writes the daily E15.


Central Group plans to build 2,332 flats on the site of the former Westpoint warehouse complex on the border of Prague's Ruzyně and Liboc districts. The developer expects at least 6,600 people to live there, which will also require kindergartens for 182 children, a school for 680 pupils and 3,007 parking spaces, according to information in the daily E15, as stated in its project documentation for the environmental impact assessment (EIA) for the Nová Ruzyně project. However, the implementation of the project depends on a planned change to the zoning plan.

The municipality's zoning development committee has warned the developer that its project is not in line with the zoning plan that is currently in use today. However, Central Group spokesman Ondřej Št'astný confirmed to daily that the forthcoming Metropolitan Plan already includes residential development. According to the EIA documentation, the developer plans to start construction in 2024. Two years ago, Central Group owner Dušan Kunovský estimated the total investment for this Prague project to be over CZK 13 billion (€530 million).

The project on the 13-hectare site will consist of eight to ten apartment blocks built in the first three phases of the construction, with a primary school to be built in the fourth phase. However, it is intended to be a so-called hybrid schools, following the Scandinavian model, where the school classes are located on the lower floors of the apartment blocks and there is a schoolyard or sports ground in the inner courtyard. The total gross floor area of the apartments should be more than 200,000 sqm, and the area for small shops on the ground floor of the buildings should be around 6,400 sqm.

The main urban planner of the project is architect Jakub Cigler.




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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