Geosan places final part of resi project in Prague

10
Apr
2024
News - Geosan places final part of resi project in Prague #Czech Republic #Geosan #Prague #residential

by Property Forum | Residential

Geosan Development is launching another series of apartments in the Radimova Břevnov Residence in Prague 6. The developer has sold over 60% of the apartments in the project so far.


The project is currently under construction with a planned building use approval for the autumn of this year. Three apartment buildings with seven to nine floors above ground rise right next to the Kajetánka Park and the Vincentinum pond and near the gardens of the Břevnov Monastery, with a good connection to the metro line A. The architectural design of the project respects the location of Prague's Břevnov with views as far as Prague Castle. The current offer includes a diverse range of layouts from 1+kk to 5+kk. This wave of sales is already the final one in the project.

Geosan Development has been operating on the Czech residential real estate market for more than 20 years. Since its establishment in 1998, it has already completed 22 new buildings with almost 2,350 apartments. It has other projects in various stages of preparation with approximately 1,000 apartments in locations in the wider centre of Prague. In 2018, the company expanded its business to include office real estate when it purchased the Nagano Park office building in Prague 3 with a total area of ​​26.000 sqm.




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  • Banca Transilvania has renewed its lease for 1,200 sqm in AFI Park Timișoara, in a deal brokered by Cushman & Wakefield Echinox.
  • Revetas Capital has secured four lease transactions totalling 5,700 sqm of gross leasable area at the Bonarka for Business (B4B) office park in Kraków. The transactions include a new lease agreement with telematics firm Geotab, alongside three lease renewals. Geotab has taken up office space in Building E of the complex. Concurrently, KION renewed its commitment to 4,000 sqm of office space within the same building. The remaining two lease renewals were finalized for spaces in Buildings F and D. Cushman & Wakefield represented Geotab, and JLL advised KION on the deals.

New appointments

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  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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