CPI moves forward with Brno revitalisation project

19
Oct
2017
News - CPI moves forward with Brno revitalisation project  #CPI #development #investment #mixed-use #office #residential

by Import Sys | Investment

In 2016, the premises of the former Brno arms factory was taken over by CPI Property Group, which presented the development project Nová Zbrojovka. A new modern neighbourhood is steadily emerging from the brownfield in the wider centre of Brno. At present, the issue of transport infrastructure, the revitalisation of the surrounding area and the clearing of individual spaces is being addressed.


‘Citizens of Brno are anticipating the first renovated and modernised spaces on the two-year horizon,’ says Ladislav Všetečka, Project Manager and Coordinator of the multifunctional project Nová Zbrojovka Brno.
 
The project management team, alongside local architects, are currently solving the revitalisation of the former production facilities. Buildings will have to undergo demolition or complete reconstruction. Primarily, the renovation of the Prospera object, which is designed to be converted into an administrative building, will create up to 2,000 new local jobs. It will be the first modernised building in the New Zbrojovka project. The largest renovations will begin in the winter of this year. This is not in effect demolition, but is essentially the disconnection and removal of the original utility infrastructure, the removal of all floors and industrial cleaning of the building. The generated revitalisation waste will be processed using the highest environmentally responsible procedures.
 
"As part of the demolition work on the existing buildings, we are doing our upmost to categorise and recycle the material, namely, structural concrete, brick masonry, asphalt surfaces and aggregates from the underlying layers of roads and railway siding. Depending on the type of waste, we will use appropriate parts of the buildings, such as backfills of the demolished underground sections, the consolidation of foundations and the levelling of the surfaces and landscaping," adds Všetečka.
 
The administrative building with current tenants is also steadily emerging. This object will undergo a complete reconstruction, at the same time, it will be restored to its original design. In addition to the modern office and production areas, there will be a varied range of apartments immediately after the change of the planning permission of land. Approximately 800 new apartments are planned for construction including apartments for rent and sale from studios for first-time buyers to exclusive apartments with riverside terrace views.
 
CPI Property Group's aspiration is the complete opening up of a previously closed, unused and restricted area in the centre of Brno. Access to the project’s public area and the introduction of urban public transport in the new district will facilitate the transport between the Brno district of Husovice and the train station, Zidenice.



New leases

  • 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.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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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