Fetters management has been appointed to oversee the complete project management of Galerie Modřany, a mixed-use development that will replace the current Prior department store in Prague. The new centre will feature 8,700 sqm of retail and office space, extensive parking, 102 rental apartments and 109 apartments for sale.
The project is being developed by Prior 12 as part of a public-private partnership with the local municipality. Construction is scheduled to begin in Q2 2027, with completion expected in 2029. Fetters management has been involved since 2022, handling comprehensive investor representation in development management.
"Galerie Modřany represents not only another interesting mixed-use project for us, but primarily an opportunity to participate in the development of one of the most important locations in Prague 12," said Tomáš Fetters, Managing Director of Fetters management. "We are convinced that the thoughtful combination of shops, services, housing and public space will restore natural urban life to this place."
Petr Šula, Deputy Mayor of Prague 12, added: "Galerie Modřany demonstrates that even a municipal district can initiate quality territorial development through thoughtful public-private partnership. The project will bring not only new functions and services, but also transform an important urban node into a modern and vibrant part of Modřany."
The development consists of two eleven-storey buildings. The commercial section will include a supermarket, retail and service spaces, restaurants and office facilities. The residential section will offer units for both long-term rental and sale. The project targets Leed Silver certification and aims for the most energy-efficient category A rating.
