Prague gives green light to Holešovice station redevelopment

20
May
2025
News - Prague gives green light to Holešovice station redevelopment #CPI PG #Czech Republic #investment #Karlín Group

by Property Forum | Investment

After more than a year of debate, Prague councillors have allowed the sale of land around the Nádraží Holešovice metro station C, reports E15.cz. The Prague Public Transport Company (DPP) is to sell it to the Nové Holešovice company, a joint venture between DPP and developers Karlín Group and CPI Property Group. 


The company is to carry out the revitalisation of the station and construction in its vicinity. Nové Holešovice was founded by DPP in 2021 together with Karlín Group, and later CPI Property Group, which also owns land in the vicinity, also got involved. The city, or rather DPP, was to sell the plots to the joint venture and share in the future profits from the development. The process stopped last January after Deputy Mayor Zdeněk Hřib initially supported the sale at the DPP supervisory board, but then changed his mind at the city council, saying that he had doubts about the joint venture. 

Then the situation froze at a standstill, and the coalition parties were unable to agree on the next step. They therefore created a working group to propose amendments to the agreement, and at the end of February this year, the councillors tasked Mayor Bohuslav Svoboda and his deputy Petr Hlaváček with submitting a proposal for further action by the end of March.

This only happened today, and after a year and a quarter of blocking and political theatre, the Prague coalition has stepped up to make cosmetic changes to the project.

Photo:JanSuchy/wikipedia
 




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