Sekyra Group has purchased key land in the area of Prague's former Žižkov Freight Station from Czech Railways. The Prague City Council has approved a change to the zoning plan on Thursday, reports E15.cz.
Sekyra Group will pay CZK 2.23 billion (€89 million) for the land. The change to the zoning plan will allow the area of the former Žižkov Freight Station to be transformed into a new residential district.
Its original owner, Czech Railways, is also gradually disappearing from the area, having earned almost CZK 3.5 billion (€140 million) from the sale of land and buildings. First, they sold the listed station building to the city in December and have now signed a contract with Sekyra Group to sell 96,000 sqm in the southern part.
“A modern centre of Žižkov will grow on the former station land. 3,000 apartments will be built here and the total investment will reach CZK 25 billion (€1 billion),” said Luděk Sekyra, Chairman of the Board of Directors of Sekyra Group.
The transaction has already been approved by the supervisory board and the railway management committee. Developer Sekyra Group plans to build the Žižkov City district on the site for more than six thousand residents.
Photo source: Praha.camp
