New Dornych in Brno moves closer to construction

20
Feb
2024
News - New Dornych in Brno moves closer to construction #Brno #Crestyl #Czech Republic #Lease #Retail

by Property Forum | Retail

The Dornych project of Crestyl Group replacing the old shopping centre in the neighbourhood of the Brno Central Station has received a building permit.


Dornych will offer freely accessible public space surrounded by several smaller buildings. The lower floors of the new buildings will be reserved for shops and services, while the upper floors will offer 186 apartments, 26,000 sqm of office and 27,000 sqm of retail space. 5,000 sqm will be occupied by various restaurants and cafes, and Dornych will also offer a so-called food hall. The first announced large tenant is the EUC clinic, which will occupy one building adjacent to Dornych Street. Surgeries and related facilities will take an area of ​​over 6,000 sqm together with two pharmacies.

As part of the Dornych project, the current dilapidated huge building will be replaced by a partly roofed, freely accessible public space with a total area of ​​25,000 sqm, around which there will be six smaller buildings. The buildings will be seven to eight floors high. Parking is provided in underground garages. The total investment in the project is over CZK 7 billion (€275.46 million).

"The building permit is a milestone for us in the preparation of the entire project. Following its acquisition, we are now handling tenders for contractors. We would like to make significant progress with all preparations by the summer, at the same time, we do not want to close existing stores before the builders are ready to start work. The current timetable thus assumes that the existing building will be closed and demolished in the autumn of this year. The completion of the project is expected in approximately three years from the start of demolition," says Jaromír Krb, Director of Development at Crestyl.

Crestyl has been operating in the Central European real estate market for almost 30 years. Its current portfolio includes over five dozen projects in the Czech Republic and Poland, where it operates under the Spravia brand.




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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