Crestyl plans to build 224 flats in Prague 6

26
Apr
2023
News - Crestyl plans to build 224 flats in Prague 6 #brownfield #Crestyl #Czech Republic #Prague #residential

by Property Forum | Residential

Crestyl has unveiled its new residential project. The project will be built next to the vast Šárka Nature Park in Prague 6 on the site of the current Šárka Business Park industrial and logistics complex (former Aritma). The new free-access residential area with park areas will include 18 villas with a total of 224 apartments, six family houses near the border with the forest land, a kindergarten and premises for services and shops. The architectural and urban design of the buildings and public spaces emphasises the connection with the nearby forest. The project received final planning permission in February this year. Construction of the first phase, which will include 108 apartments, is scheduled to start next year. The total investment will exceed four billion crowns (€170.15 million).


"Our intention is to replace the current closed industrial area with a quiet and freely accessible residential area with greenery because we emphasize public space in all our projects. This is how we approached the site and we prepared the entire project to respect its surroundings and to connect naturally with Šárecký Forest. In addition, we carefully discussed everything with Prague 6 and local associations so that our project would be a real asset to the area," explains Crestyl's director Simon Johnson.

The Šárka project will include 18 villas with a total of 224 apartments and six family houses, which will be located right next to the forest. The apartments will range in size from 2+kk to 5+kk and floor area from 62 sqm to 125 sqm, the project will also include luxury penthouses. All apartments will have large terraces or balconies or front gardens. As is customary with Crestyl Group projects, the apartments will be characterized by high-quality materials and an emphasis on functional design. Each apartment will be equipped with air conditioning and front window blinds. In designing the exteriors and interiors, the architects took inspiration from the natural materials found in the natural park adjacent to the project - for example, the houses will be clad in stone tiles. Of course, there will be a communal reception, which will be located in the service building at the entrance to the site. Car parking is brought underground and the space between the new houses will be airy and quiet. The author of the design of the buildings is the architectural office Loxia, and under the public space, is signed studio Šmídová Landscape Architects.

The new area on the site of the former factory will also include a new kindergarten for 50 children, which Crestyl will transfer to the municipality free of charge upon completion, thus expanding the existing network of kindergartens in Prague 6. The aim is to lease these premises for a shop, doctors' offices or a café, for example. A new playground and sports field with exercise elements will be built on the edge of the area next to the forest. Everything will of course also serve the residents of the surrounding area. Crestyl will also be involved in the implementation of smart transport solutions throughout Vokovice. The architectural design of the Šárka project's public space emphasises the connection with Šárecký Forest. The inner parterre visually "grows" out of the surroundings and the newly planted trees and plants are of the local type with a predominance of pine trees. The heart of the whole residential area will be a park with water features. A significant positive benefit for all residents and visitors will be the opening up and making the whole area more accessible.




Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • 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.


Latest news

News - Croatia's hospitality construction faces slowdown risk this summer
07
May
2026

Croatia's hospitality construction faces slowdown risk this summer

by Property Forum
Croatia's construction sector is threatened with damage this summer due to the ongoing US-Israeli-Iran conflict. While the pain has not been intense so far, the situation could worsen significantly by mid-June or even late May, according to an analysis by the Eastern European Construction Forecasting Association (EECFA).
Read more >
News - Romania's industrial stock tops 8 million sqm in Q1 2026
07
May
2026

Romania's industrial stock tops 8 million sqm in Q1 2026

by Property Forum
Romania's industrial and logistics market reached over 8 million sqm in Q1 2026, with approximately 115,000 sqm of new space delivered. At the same time, around 500,000 sqm are currently under construction, according to Cushman & Wakefield Echinox's report.
Read more >
News - CEE real estate investment posts strong recovery in 2025
07
May
2026

CEE real estate investment posts strong recovery in 2025

by Property Forum
CEE real estate investment rebounded strongly in 2025, with volumes reaching €11.6 billion across six core markets, representing a 31% year-on-year increase according to Colliers. 
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