Crestyl starts construction of new building in Prague

04
Nov
2025
News - Crestyl starts construction of new building in Prague #Apartments #Crestyl #Crestyl Group #Czech Republic #Hagibor #Kappa #Metro #Prague #Residential #Viktor Peška

by Property Forum | Residential

Crestyl has begun construction of the Kappa residential building at Prague's Hagibor development, located near Želivského metro station. The fifth residential building in the project is scheduled for completion by the end of 2027, with Metrostav DIZ serving as the general contractor.


Kappa will offer over 250 apartments with floor areas from 27 sqm to 180 sqm. Smaller units will be located on lower floors, while larger apartments with balconies will occupy higher floors and the building's four receding "towers". The ground floor will house shops, restaurants and services alongside a reception for residents, with access to an inner courtyard.

"Hagibor offers attractive metropolitan-style living directly by the metro – the new Kappa building is closest to the station from the entire area. We emphasise public space and utilise the symbiosis of housing, offices, shops and services in one location," said Viktor Peška, Commercial Director of Crestyl Group. "Before construction began, we had already sold more than half of the apartments."

The building is designed by Ian Bryan Architects (IBA), which has created all residential buildings in the Hagibor project. The public spaces are designed by renowned landscape architect Michel Desvigne, who has worked on projects in Paris, Tokyo and Detroit. Kappa is designed to achieve BREEAM certification for sustainable buildings.

The Hagibor project previously completed residential buildings Alfa and Beta three years ago, with Gamma and Delta finished last summer. The development will eventually include six office buildings, with the first two completed last year. The project features a central square and pedestrian boulevard connecting shops and services including restaurants, bistros, pharmacies and medical facilities.




Latest news


New leases

  • MLP Group has bolstered the tenant mix at MLP Poznań West by welcoming Stockly, a 3D printing specialist. The company has leased 2,400 sqm of warehouse and office space, with operations already underway via early access. A full handover is expected in December 2026. Stockly was represented by Rock Estate during the transaction.
  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • 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.

New appointments

  • Aleksandra Walaszek and Tomasz Nowakowski have joined Cushman & Wakefield’s Retail Agency. Walaszek has more than 10 years of experience in the retail sector. Nowakowski is an expert with nearly 20 years of experience in strategic leasing and retail property transaction management.
  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.
  • 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.


Latest news

News - Crestyl secures €185 million loan for Prague office park from pbb & Helaba
18
May
2026

Crestyl secures €185 million loan for Prague office park from pbb & Helaba

by Property Forum
Crestyl Group has secured a €185 million medium-term refinancing package for its Dock In Office Park in Prague, jointly underwritten by Deutsche Pfandbriefbank (pbb) and Helaba. The transaction capitalises on the lenders' long-term involvement with the Prague 8 commercial development. Prior to this agreement, both pbb and Helaba successfully provided the financing for all five individual phases of the waterfront office park.
Read more >
News - Panattoni builds 26,000 sqm warehouse for Bidfood in Łódź
18
May
2026

Panattoni builds 26,000 sqm warehouse for Bidfood in Łódź

by Property Forum
Panattoni is to build a warehouse facility spannign around 26,000 sqm for Bidfood in Łódź. The project will be developed on a build-to-own (BTO) basis and will serve as a central distribution warehouse for the HoReCa operator.
Read more >
News - Romania's hotels see higher earnings, fewer tourists in 2025
18
May
2026

Romania's hotels see higher earnings, fewer tourists in 2025

by Property Forum
Romania's hotel industry recorded a 16% increase in turnover in 2025, reaching €2.2 billion, according to a Crosspoint Real Estate report, but the drivers behind this growth signal a structural shift. The advance is driven primarily by rate increases and the upscale segment, while overall demand has shown the first signs of softening.
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