Developer Crescon finishes residential project in Krkonoše

22
Mar
2023
News - Developer Crescon finishes residential project in Krkonoše #Crescon #Czech Republic #development #residential

by Property Forum | Residential

Development company Crescon has completed the first phase of the 64-unit luxury Aldrov Apartments & Resort project. The new owners are gradually taking over the apartments. By the end of this year, the company plans to complete the second phase with 75 units. A total of 139 apartments are to be built in the Krkonoše Mountains in the village of Vítkovice. The entire complex should be ready in the winter season 2023/24, Crescon announced.


The first stage of Crescon's residential project - Aldrov Apartments & Resort, which consists of 64 apartments in three buildings, is complete. Work is currently progressing on the A1 community building with a bakery, wine bar, swimming pool, spa and conference rooms, which is part of the first phase of the development. Crescon plans to have it fully operating this summer, but a number of services for both owners and guests of the apartments and the general public have already been opened. "We have invested more than 250 million crowns ( €10.5 million) in infrastructure and services because we wanted not only to provide a perfect hotel service for our clients but also to expand the amenities for locals and other visitors to this popular Giant Mountain resort," says Jan Jerie, Crescon's CEO.

The second phase of the project is also under construction and will consist of five smaller buildings with a total of 75 apartments. The residential complex in the village of Vítkovice will include a total of 12 buildings and 139 modern apartments ranging in size from 37 to 149 m², some of which will be adapted to the needs of people with reduced mobility. All of them will be fully equipped, including the kitchen, furniture and all interior furnishings. A terrace or balcony is also included. Of course, there are parking spaces in the underground garage, a ski room and a cellar for storing seasonal equipment.




Latest news


New leases

  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.
  • Sports Direct has leased 1,700 sqm in XOPark Sofia for its first Bulgarian store, in a deal brokered by CBRE.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


Latest news

News - Belgrade apartment sales hit €770 million in Q4 2025
24
Mar
2026

Belgrade apartment sales hit €770 million in Q4 2025

by Property Forum
Belgrade's apartment market recorded €768.5 million in sales during the fourth quarter of 2025, marking an 18% increase compared to €651.9 million in the same period the previous year, according to data from the Republic Geodetic Authority, analysed by real estate consultancy Cordon.
Read more >
News - Sarantis Polska opens new distribution centre in MLP Pruszków
24
Mar
2026

Sarantis Polska opens new distribution centre in MLP Pruszków

by Property Forum
MLP Group has handed over a warehouse facility to Sarantis Polska at the MLP Pruszków II logistics park. The new building spans over 24,000 sqm and serves as a distribution centre for domestic and international markets.
Read more >
News - Full speed ahead: Inside CTP’s drive to double its portfolio
24
Mar
2026

Full speed ahead: Inside CTP’s drive to double its portfolio

by Ákos Budai
CTP is pushing ahead with an ambitious growth strategy, targeting a near doubling of its portfolio by 2030 while expanding across CEE and beyond. In an interview with Property Forum, Rob Jones, Head of Investor Relations, explains how strong tenant demand, a vast land bank and a disciplined development approach continue to support one of Europe’s most active logistics platforms.
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