Crestyl adds fifth resi building in Prague project

22
May
2024
News - Crestyl adds fifth resi building in Prague project #Crestyl #Czech Republic #Prague #residential

by Property Forum | Residential

Development group Crestyl has presented the new Kappa residential building on Prague's Hagibor next to the Želivského metro station. The construction of the fifth apartment building within the Hagibor project is starting at the beginning of 2025, with completion scheduled for 2027.


The building will offer over 250 apartments in layouts from 1+kk to 5+kk with a floor area from 27 sqm to 180 sqm. Smaller apartments will be on the lower floors of the building, more spacious apartments with balconies will be on the higher floors and the four receding "towers". On the ground floor, in addition to the reception for residents, there will also be shops, restaurants and services, residents will also have access to an inner block. The architectural and design office Ian Bryan Architects (IBA) is the author of all the apartment buildings in the Hagibor project.

As part of the Hagibor project, the first two residential buildings Alfa and Beta were completed two years ago, the other two - Gamma and Delta - are under construction and will be ready this summer. The Gamma apartment building is located in the eastern part of the new Hagibor district at Počernická Street. It offers 138 apartments, approximately 80% of which are already sold. The fourth residential building, Delta, includes 168 apartments intended for rent and was purchased by the investment company Invesco Real Estate before the construction started.

In addition to the apartments, six administrative buildings will gradually be built as part of the Hagibor project. The first two of them are close to completion, the construction of the others will follow. The entire Hagibor project connects the square and the central pedestrian boulevard with shops and services - already this year, for example, a restaurant, café, drugstore or pastry shop will open here.




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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