Crestyl continues with next phase in Prague resi development

30
Aug
2024
News - Crestyl continues with next phase in Prague resi development #Crestyl #Czech Republic #Prague #residential

by Property Forum | Residential

Crestyl has completed two residential houses in its Prague development district Hagibor. The Gamma building with 138 apartments for sale and the Delta building with 168 apartments for rent have passed the building use approval in July.


80% of the apartments in the Gamma building are sold, and the older stages are sold out completely.  The entire Delta project was purchased by the investment company Invesco Real Estate before construction began and will be operated by the Zeitgeist company.

 In the first half of next year, the construction of the fifth Kappa apartment building will begin, which will offer 253 apartments of all sizes. 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 design comes from the office Ian Bryan Architects. The public space of the entire Hagibor project is handled by the landscape architect Michel Desvigne.

As part of the Hagibor project, six office buildings are also being built, the first two are completed so far. All parts will be connected by the square and the central boulevard with shops and restaurants, which will lead from the exit of the Želivského metro station. The cost of the entire project will exceed CZK 9 billion (€360 million).




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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