Savills has been appointed as technical partner for Reico Nemovitostní fund's rental housing projects in Prague. The fund acquired two developments last year: Nový Opatov G1 and Stodůlky – Britská čtvrť A, B1, B2. Savills provides technical due diligence and construction monitoring for both projects.
Jan Jurčíček, Head of Building & Project Consultancy at Savills, said: "We provide technical expertise and construction monitoring to ensure execution quality and full compliance with design, permits, contractual documentation, and ESG standards."
The developments comprise 390 apartments total. The residential building near Opatov metro station in Prague 4 will offer 171 units, with final approval scheduled for spring 2027 and handover in summer 2027. The Stodůlky Residential complex consists of three buildings and will provide 219 apartments, with final approval expected in summer 2027 and handover in spring 2028.
Reico has also launched a fund named Reico investiční společnost EAM, comprising two residential buildings in the Kaskády Barrandov development. Dušan Sýkora, Chairman of the Board at Reico IS EAM, said: "Institutional rental housing will help address the housing situation. All our projects will deliver returns, as residential housing combines rental income with capital value growth."
Savills research shows that after 894 units were completed in Prague in 2023, there was a decline in 2024 with 782 units added. In the first half of 2025, another 448 units were delivered. Currently, 1,902 units are under construction, and another 3,400 apartments are expected to start construction within the next two years.
