Fetters enters Prague's resi development market

12
Sep
2024
News - Fetters enters Prague's resi development market #Czech Republic #Fetters #Prague #residential

by Property Forum | Residential

Fetters has joined the residential developers club with the Panorama Braník project in Prague 4. The company has been engaged in comprehensive construction project management since 2013. The biggest challenge so far is the project management of the Vltava Philharmonic in Prague.


The 14-floor mixed-use building on the edge of residential development in the southern part of Prague's Braník will offer 77 apartments and 750 sqm of commercial space on more than 4,300 sqm. The building is designed following the principles of green architecture. The roof of the shops on the ground floor will be covered with vegetation, which will reduce the overheating of the building and diversify the views from the upper floors. A retention rainwater tank will be used to irrigate the greenery. The flower pots integrated into every balcony and terrace will allow the growth of larger plants.

"Panorama Braník evaluates our experience with construction project management. We know how to proceed from the project through permits to the final construction," explains Tomáš Fetters, the owner of the company, adding: "We wanted to offer affordable apartments in which we would want to live ourselves." 

The sale of apartments in the Panorama Braník project will start in September 2024, and completion is planned for the end of 2026.




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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