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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  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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