Prague approves new resi development location

05
Dec
2024
News - Prague approves new resi development location #Czech republic #IPR #Prague #residential

by Property Forum | Residential

The location of Kyje-Hutě on the outskirts of Prague is subject to expansion in the future with a new housing development, a primary school and two kindergartens, a bus line and other infrastructure. 


According to the study, which was approved today by the City Council City of Prague, with the Institute of Planning and Development (IPR)of the City of Prague as a client, 4,000 new jobs will be created here and the population will rise to almost 13,000. 

Private investors will build new residential apartments in Kyje-Hutě, and since the city of Prague owns a large part of the land here, the councillors want to have a clear idea of the development of the entire area, its amenities and business plans. The study encourages the consolidation of development areas and the construction of a full-fledged residential district on the border between the city and the open countryside.

The study deals with the unification of the territory, its connection to the surrounding landscape or the practical delineation of the boundary, and how far and how high it will be allowed to be built in the locality, while the authors of the study highlight its great recreational potential. The draft of this study was presented to the general public in June 2021. Citizens could comment on it in several ways, for example in a survey. The urban study will serve, among other things, in assessing the compatibility of the interests of investors, builders and land owners in the locality, and also as a basis for long-term strategic plans.




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New leases

  • 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.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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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