Prague starts reconstruction of iconic Industrial Palace

02
Feb
2022
News - Prague starts reconstruction of iconic Industrial Palace # #Czech Republic #Metrostav #Prague #Průmyslový palác #reconstruction

by Property Forum | Report

Thirteen years after the fire in 2008, the large Industrial Palace in Prague has begun renovation. Its reconstruction began on 1 February this year and should be completed within three years. According to the Czech Press Agency, the cost of the reconstruction is expected to be CZK 2.64 billion. The reconstruction will be carried out by a consortium led by Metrostav, Prague's City Hall announced.


Today the capital city handed over the Industrial Palace to construction companies. After months of preparation, a consortium of companies led by Metrostav DIZ s.r.o. took over the construction site in the premises of the Prague Exhibition Centre. The construction begins with the preparation of the background and access roads for the equipment. The first "digging into the ground" will take place in about a month. The complete reconstruction of the middle and right-wings together with the construction of the left-wing should be completed within three years.

"Today we handed over the keys to the Industrial Palace to the builders and started its reconstruction. We are ticking off another of the things we wanted to get done this term. The left-wing burned down in 2008 and the people of Prague have been waiting 13 years for its reconstruction. So far, they have only heard promises. In three years we managed to prepare this huge investment, get it up and running and start erasing this debt to the Prague citizens," says Pavel Vyhnánek, Deputy Mayor of the Capital City of Prague. He is in charge of the Prague Exhibition Grounds.

The handover of the construction site was preceded in recent weeks by technical preparation and "deconstruction" of the Industrial Palace. Internal equipment and kilometres of cables were removed from the buildings. Now it will be the responsibility of a consortium of construction companies to, for example, fence the site and build an access road. In February, the construction site will be occupied by machinery and work will begin in earnest. Connections and relocations of the site utilities will be built not only to connect the construction facilities or cranes, but also the Industrial Palace building itself.

A detailed engineering geological survey and a supplementary hydrogeological survey for the heat pumps will first have to be carried out at the site of the left-wing that burned down. The first phase of work this year will result in extensive excavation and groundworks, securing the construction pit and downstream parts of the building. These works will be followed by the laying of the foundation slab of the left-wing of the Palace and the construction of the reinforced concrete structures of its perimeter walls. The work in the central hall and the right-wing in the initial stage will be mainly marked by the reconstruction of existing technological channels, the construction of new collectors for the installation of technologies and the restoration of historically valuable elements. Specialists will start with passporting and restoration surveys, removal of historical elements from the interior of the building such as parquet floors or stained glass windows affected by the fire and protection of those that are an integral part of the building.

For the reconstruction and completion of the Industrial Palace, which is a protected cultural monument, the consortium of companies deployed experts from the team that recently reconstructed a similarly valuable building - the National Museum. The public contract for the reconstruction of the Industrial Palace was awarded to a consortium called the Company for the Industrial Palace (the leading consortium - Metrostav DIZ s.r.o., followed by AVERS, spol. s.r.o.; SYNER s.r.o. and Metrostav a.s.). These are established companies with extensive experience in similar projects in terms of complexity and amount of investment. "I believe that we have managed to assemble a strong team of experienced professionals with references from similar challenging projects. We are looking forward to the implementation, which is a great professional challenge for us, and we will do our best to carry it out to the satisfaction of the investor and the citizens of Prague," says Karel Volf, Chairman of the Board of Managing Directors of Metrostav DIZ s.r.o.

Long-term preparations for the largest intervention in the area were also carried out by the joint-stock company Výstaviště Praha. Despite the local restrictions on construction, the site will live on. The lower part of the Výstaviště and its sports zone will be in full operation during the construction. The Křižík Pavilion D, which was modernised last year, or the other Křižík pavilions, the Bohemia Restaurant or the Spirál Theatre, which were gradually reconstructed, will offer alternative spaces for rent for events.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • 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.

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.

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