Prague 6 agrees on new district with residents and Crestyl

06
Dec
2022
News - Prague 6 agrees on new district with residents and Crestyl #Crestyl #Czech Republic #development #Prague #residential

by Property Forum | Residential

The industrial area of the former Aritma industrial building in Prague's Vokovice will be replaced by a residential district with park areas. After several years of negotiations, the Prague 6 municipal district, representatives of the local residents and the investor, Crestyl, have agreed on this. In addition to the construction of new villas and family houses, the agreement includes extensive compensation for local residents, announced Jakub Stárek, the mayor of the district.


The planned construction of a residential complex on the site of part of the former Aritma industrial building in Vokovice has won a key agreement. After several years of negotiations, representatives of the residents of Vokovice and the Prague 6 municipality have reached an agreement with the investor, Crestyl. As a result, apartment buildings with commercial space and surgeries will be built in Vokovice under strict conditions, and the investor will provide funds for the construction of a kindergarten and smart transport solutions for the entire Vokovice area.

Within the new residential project, 18 villas with a total of 224 apartments and six family houses will be built near the border with the forest land. The architectural and urban design of the buildings and public space emphasises the connection with the nearby forest. The entire area will also be opened up and made more accessible. The project is now in the planning procedure phase, all necessary permits have been obtained and construction is expected to start next year.

"We have continuously communicated with the representatives of local citizens and perceived their views on the situation in the locality. At the same time, we want Vokovice to develop its formerly industrial part, which had warehouse and production functions, to gain new life. We have thus managed to negotiate that the investor, in addition to the construction of the flats themselves, will provide quite extensive compensation from which the locals will be able to benefit. This is a very valuable agreement for which I want to thank all the participants," says Jakub Stárek, Mayor of Prague 6.

A kindergarten for 50 children will be built on the site of the former factory at the investor's expense, and after the building is approved, it will be transferred to Prague 6 free of charge. The project also envisages a separate building for public services. "The aim is to rent out these premises for a shop, doctors' offices or a café, for example. Of course, everything will serve the residents of the whole area," says Simon Johnson, Director of Crestyl. An intelligent traffic management system will also be built at the investor's expense to regulate the entry of cars into Vokovice. The junctions and local square will also be renovated and a new nature trail will be created in the nature reserve.




Latest news


New leases

  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.
  • Sports Direct has leased 1,700 sqm in XOPark Sofia for its first Bulgarian store, in a deal brokered by CBRE.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


Latest news

News - CEE firms increasingly redesign offices over hybrid work
25
Mar
2026

CEE firms increasingly redesign offices over hybrid work

by Property Forum
Around 96% of Central European companies operate in a hybrid model, and nearly 90% have redesigned or rethought their office layout, according to a report by ThinkCo and Skanska. The research shows that concentration-supporting environments, flexible space usage and sustainability considerations increasingly influence employee decisions.
Read more >
News - Gridarch delivers industrial facility in Ostrava
25
Mar
2026

Gridarch delivers industrial facility in Ostrava

by Property Forum
Development company Gridarch has completed Phase II of the Ostrava Airport Multimodal Park (OAMP). This phase includes Hall D, offering 11,300 sqm of industrial space including offices, which was handed over to international manufacturing company Brose.
Read more >
News - Iulius and Atterbury start work on €550 million mixed-use scheme in Cluj
25
Mar
2026

Iulius and Atterbury start work on €550 million mixed-use scheme in Cluj

by Property Forum
Iulius and Atterbury Europe have begun construction on Rivus Cluj-Napoca, Romania's largest urban reconversion real estate development.
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