Skanska to bring first circular economy building to Prague

27
Jan
2023
News - Skanska to bring first circular economy building to Prague #circular economy #Czech Republic #development #office #Prague #Skanska #sustainability

by Property Forum | Office

In Prague 7, Skanska is preparing the first office project in the Czech Republic which is being built on the principle of the circular economy. The Mercury project is being built with materials from demolished buildings and will have 20,000 sqm of premium office and retail space.


Mercury will be the first Czech office building built according to the principles of the circular economy. In fact, the materials from the building that now stands on its site will be used for the construction of Mercury. The project will offer approximately 20,000 sqm of premium office and retail space and, by using materials from other buildings, will also significantly reduce the building's environmental impact. The Mercury will reuse materials from the brutalist Mercury Building, built in 1971. Skanska chose this circular approach both for its positive environmental impact and out of respect for the original building.

"We are constantly pushing the boundaries of sustainable development and circularity is one of the best ways to reduce the environmental impact of the construction industry. It makes perfect sense to use valuable materials from old buildings. But no one in the Czech Republic has done this to a comparable extent. And we decided to change that," says Martin Zemánek, Project Manager of Skanska's commercial development unit in Central and Eastern Europe.

An example of the circular approach to construction is the use of concrete from Mercuria, which the developer grinds and reprocesses to form the load-bearing structure of a new project. It will also preserve valuable materials and furnishings from the interior of the old building. Old kitchen cabinets have already found a new life in houses intended for refugees, and Skanska has donated around 100 doors to the Bulovka University Hospital. At the same time, Skanska is trying to limit the use of new building materials as much as possible during construction.

"To maximise the circularity of the Mercury project, we will salvage furniture from the old building and offer it to the furniture bank. We will even keep the name of the building, but give it a slightly more modern touch," adds Martin Zemánek.

The building will provide tenants with office and retail space of the highest quality with an emphasis on the environment and the well-being of its occupants and the surrounding area. To prove it, we are striving for the highest levels of LEED, WELL and WELL Health-Safety Rating certifications.

"The Mercury building will also be exceptional in that it will feature the largest green roofs and terraces ever built in the Czech Republic. At the same time, we always support community development in the neighbourhoods surrounding our projects. That's why we will contribute to Prague 7 to build a new park in close proximity to Mercury," concludes Martin Zemánek.




Latest news


New leases

  • MLP Group has bolstered the tenant mix at MLP Poznań West by welcoming Stockly, a 3D printing specialist. The company has leased 2,400 sqm of warehouse and office space, with operations already underway via early access. A full handover is expected in December 2026. Stockly was represented by Rock Estate during the transaction.
  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.

New appointments

  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.
  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.


Latest news

News - Moody's upgrades CTP credit rating with stable outlook
15
May
2026

Moody's upgrades CTP credit rating with stable outlook

by Property Forum
Industrial developer CTP announced that Moody's Ratings has upgraded CTP's long-term issuer rating and senior unsecured rating to Baa2 with a stable outlook from Baa3 with a positive outlook.
Read more >
News - Last call for Prague Property Forum 2026: Check who'll be there
15
May
2026

Last call for Prague Property Forum 2026: Check who'll be there

by Property Forum
From macro trends and investment strategy to housing affordability, operational efficiency and lender appetite, Prague Property Forum 2026 will bring together many of the market’s most active investors, developers, lenders and advisers on May 18th at the Cubex Centre Prague.
Read more >
News - Bucharest office market sees more lease deals in Q1 2026
14
May
2026

Bucharest office market sees more lease deals in Q1 2026

by Property Forum
Leasing transactions for modern office space in Bucharest increased by 14% in Q1 2026 compared to the same period last year, while new demand rose by 24%. However, the market remains below pre-pandemic levels, according to Colliers data.
Read more >


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