News Article Česká spořitelna Czech Republic development residential
by Property Forum | Residential

Construction has begun on the Verde Slaný residential project in the royal town of Slany. The entire complex will be built in several stages on the former Benar cotton spinning mill site in the immediate vicinity of the revitalised Kumpán Garden. The estimated investment for the entire project is over CZK 1 billion (€42.3 million) with the planned construction of more than 220 new apartments.

F&S Invest, an established group that has previously developed the Borovský House in Slany and in Drahelčice u Prahy, is behind the construction of the five stages of the Na Malé Růži residential area, where over 220 families have already found their new homes. The company's activity is a significant contribution to the revitalisation of the whole area, which will come to life after several decades and will acquire a completely new character with the construction of flats.

Financing of the project's construction is secured by a loan from Česká spořitelna. The apartments are suitable both for their housing and as a prospective investment with the assumption of future appreciation.

Comfortable living in the centre of the action

"Already during the preparation of the project, we emphasized energy efficiency and the assumption of economical housing, for which future costs can be optimized," explains F&S Invest Managing Director Radka Maximovičová. The apartment buildings are built using VAPIS masonry, which has exceptionally good insulation and acoustic properties. Each apartment sold has a front garden, balcony or terrace and the price also includes an outdoor parking space and a practical cubicle on the floor of the apartment. The project also retains its intended intimate character. Thus, there are a maximum of 14 apartments in each of the three entrances and a maximum of 3 residential units on all floors.

Housing in the neighbourhood of the park

The Verde Slaný project is part of the overall revitalisation of the former Benar cotton spinning mill site, which started last year with the complete reconstruction of the adjacent park. The park is now called Kumpánova zahrada and will be open to the public from 1 July 2022. The work included the restoration of greenery, paths, water features, and seating and the renovation of the original romantic ruins of the aqueduct. The F&S Invest Group participated in the transformation of the park by transferring the land to the town of Slany free of charge and by drawing up the project documentation.