PSN to build 150 lofts in a former factory in Prague 4 

08
Dec
2022
News - PSN to build 150 lofts in a former factory in Prague 4  #Czech Republic #development #Prague #PSN #rebuilding

by Vera Tumova | Residential

Another residential project worth more than a billion crowns (€41 million) is being completed in Prague. This time PSN is building 150 luxury lofts in the former Microna aerospace factory in Prague's Modřany district. The Vanguard project is expected to be completed next year, PSN CEO Max Skala said.


The redevelopment of the former Microna factory in Prague, where aircraft instruments were manufactured in the past, is well-advanced. Now, instead of industrial production, there are luxury lofts in industrial style there. PSN is building a total of 150 of them there, ranging from the smallest ones of 40 sqm to the largest, 700 sqm multi-storey penthouses. Most of them will be completed and fully equipped next year. However, the first owners who have chosen to buy the shell & core units and want to build their new home as they wish have already started to take possession of the apartments, according to PSN managing director Max Skala. So far, he said, about 16 of them are about to make their own modifications. 

The 14-storey, 16,000 sqm Vanguard building in Prague's Modřany district has a reinforced concrete skeleton with superior strength because it had to be built as a bunker due to its focus on military supplies. A large amount of concrete and iron was used in the construction and the individual walls and ceilings can therefore withstand extreme loads. This allowed the architects to design a special car elevator in the middle of the building, enabling the owner to park a luxury car or vintage car right at the apartment door even on the upper floors of the building. 

Services and facilities for loft owners should include a reception with concierge service, roof terraces with barbecue areas and sauna, a basement fitness room or even a cinema room. A 20-metre swimming pool with wellness facilities is currently being completed in the former bunker in the basement of the building. The revitalisation of Modřany's landmark Vanguard is being carried out by architect Petr Drexler, ID_arch studio and Ivanka Kowalski and OOOOX studio of Radka and Jakub Val.




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.

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