Cresco moves ahead with resi project in Prague

30
Jan
2025
News - Cresco moves ahead with resi project in Prague #Cresco #Czech Republic #Hochtief #Prague #residential

by Property Forum | Residential

The foundation stone of the second stage of the SO-HO Rezidence by Cresco has been laid in Prague's Holešovice.


The SO-HO Residence is being built on the brownfield of the former Tesla factory. The construction includes 194 modern apartments and 8 commercial units on the ground floor. The general construction contractor Hochtief anticipates the completion of the 2nd stage in the 4th quarter of 2026. 

Cresco Real Estate has sold or reserved more than 35% of the apartments from this second stage. The buildings are designed in a low-energy standard, rainwater from the roofs and paved areas is used to maintain the greenery in the project. Extensive greenery on the roofs helps to save the energy needed for heating or cooling, and at the same time gives a green feeling to the residents in the surrounding apartments.

"As part of the second stage, we will also build a kindergarten with two classrooms and a garden, which, after the completion of the new building, we will hand over to the Prague 7 district and they will operate it," said Aleš Svatoň, Director at Cresco Real Estate for the Czech Republic.




Latest news


New leases

  • The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
  • REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.
  • RecuNova has leased 305 sqm in the Bucharest-based Olympia Tower office building for a new medical clinic. The lease deal was brokered by Activ Property Services.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.


Latest news

News - Hotels move closer to the mainstream of real estate investment
09
Mar
2026

Hotels move closer to the mainstream of real estate investment

by Property Forum
Hotels are attracting growing interest from investors across CEE as strong operating performance and rising travel demand improve the sector’s fundamentals. At the same time, liquidity in prime markets and the emergence of new buyer groups are reshaping how hospitality fits within broader real estate portfolios. In an interview with Property Forum, Jakub Stanislav, Head of Investment Properties and Head of CEE Hotels at CBRE Czech Republic, discusses the outlook for hotel investment in 2026, the role of local capital in major transactions and which markets are likely to attract the most attention from investors.
Read more >
News - Royal Town kicks off new phase of resi project in Iași
09
Mar
2026

Royal Town kicks off new phase of resi project in Iași

by Property Forum
Royal Town, the residential project in Iași, has announced a new development phase, with construction of the 12th building set to begin in April 2026.
Read more >
News - ZDR Investments snaps retail projects in Austria
09
Mar
2026

ZDR Investments snaps retail projects in Austria

by Property Forum
Czech investment company ZDR Investments has completed two acquisitions on the Austrian market for its qualified investor fund Zdr Fki. The company acquired the PRO shopping centre in Linz's Urfahr district and Amstetten West retail park in the Mostviertel region for a combined value of €50 million.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy