PDS plans new Prague districts with 8000 flats in 12 locations

22
Jun
2022
News - PDS plans new Prague districts with 8000 flats in 12 locations #brownfield #city #Czech Republic #development #Prague #rents #residential

by Vera Tumova | Residential

Palmovka in Prague 8 and Nové Dvory in Prague 4 are the largest areas where Prague development company (PDS – Pražská developerská společnost) plans the largest changes and development of new districts. PDS is preparing projects in a total of 12 localities where up to 8,000 urban rental flats should be built, announced the company director Petr Urbánek together with the Deputy Mayor of Prague, Petr Hlaváček at a press conference.


A series of residential projects in 12 Prague localities is now in the preparation of the Prague Development Company (PDS), which is a contributory organization of the City of Prague for the development of the city's housing stock. The 850,000 sqm of urban land is expected to be developed into 8,000 flats within 15 years. Some of these projects have already selected their designers, while PDS has announced tenders or architectural competitions for others. According to Petr Urbánek, the director of PDS, the financing of individual projects should be developed gradually as individual building permits will be obtained. "We will now examine various financing options, including alternative ways. We will have the first results of these analyses in about two months," Urbánek notes.

One of the most extensive planned projects is in the Nové Dvory location in Prague 4. A new urban district with affordable rental housing and complete civic amenities, including new public transport lines, should be built on 30 hectares of land near the new metro station of the emerging D line. "After the change of the zoning plan, it will be possible to build 1600-2000 flats in Nové Dvory, which we will be able to use, for example, for single mothers. Construction in the entire district will take place in stages and will take about ten years," says Petr Hlaváček, deputy mayor of Prague for territorial development. Almost 300,000 sqm of gross floor area (GFA) will be used not only for urban rental flats but also for "130,000 sqm of office space, restaurants, cafés, shops and services, which will bring up to 5,000 new jobs, as well as a kindergarten and primary school, a cultural or community centre and a sports centre," adds Petr Urbánek, director of PDS.

The largest development area, which is owned by Prague City Hall, should also be transformed into a completely new urban district. This is an eight-hectare brownfield in Prague's Palmovka district (Prague 8), where 2,200 flats and about 50,000 sqm of additional space are being prepared. A new urban district should be created here, which, according to PDS plans, should become a vibrant centre on the right bank of the Vltava River. It is also planned to build not only residential housing for affordable urban living but also complete civic amenities, including schools, a cultural centre with a library and a central park with a promenade. PDS is also working with students of architecture on the urban and architectural design of its projects and according to their model, 60 different buildings in 12 blocks should be built here by 2033.




Latest news


New leases

  • Yokogawa Romania has extended its lease agreement for another five years in Building F of YUNITY Park, a business campus owned by Genesis Property. The agreement marks the fourth consecutive renewal for the local subsidiary of the Japanese industrial automation and process control company. Originally signed in 2007, this latest extension brings the total duration of the corporate partnership to more than 20 years.
  • Vastint Romania has secured a new lease agreement with Arcadis Romania for 1,183 sqm of office space in Building A of the Business Garden Bucharest development.
  • Karimpol Polska has signed a major lease agreement with Volkswagen Financial Services at the Skyliner II complex at Rondo Daszyńskiego in Warsaw. The automotive financial services provider will occupy nearly 6,000 sqm of office and retail space in the project's second tower. Following the transaction, the occupancy rate of Skyliner II has reached 50%.

New appointments

  • 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.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.
  • Aleksandra Walaszek and Tomasz Nowakowski have joined Cushman & Wakefield’s Retail Agency. Walaszek has more than 10 years of experience in the retail sector. Nowakowski is an expert with nearly 20 years of experience in strategic leasing and retail property transaction management.


Latest news

News - Hungary construction starts Q1 with €1.8 billion in new projects
22
May
2026

Hungary construction starts Q1 with €1.8 billion in new projects

by Property Forum
Hungary's construction sector had a mixed start to 2026, with projects worth around €1.8 billion entering construction in Q1, according to the latest EBI Construction Activity Report.
Read more >
News - MAS sells Romanian and Bulgarian retail projects for net €251 million
22
May
2026

MAS sells Romanian and Bulgarian retail projects for net €251 million

by Property Forum
MAS has concluded binding agreements for the disposal of retail assets in Romania and Bulgaria worth €251.2 million, as part of its strategy to redeploy capital into opportunities with superior long-term returns.
Read more >
News - Big Poland opens retail park in Dzierżoniów
22
May
2026

Big Poland opens retail park in Dzierżoniów

by Property Forum
Big Poland has opened a new retail park in Dzierżoniów, with the 17,000 sqm development featuring over 30 stores and 500 parking spaces.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy