Skanska to build apartments in Prague 9 for €41 million

08
Dec
2022
News - Skanska to build apartments in Prague 9 for €41 million #Central Group #CPIPG #Czech Republic #development #FINEP #Kaprain #Prague #Skanska #YIT

by Property Forum | Residential

The area of former factories and industrial halls in Prague 9 will be transformed into a modern urban district. Skanska is now planning to invest more than CZK 1 billion (€41 million) in the Alfred apartment building there. The building, which is part of the second phase of the construction of the district of industrialist Emil Kolben, is expected to be completed in 2025, reports E15.cz.


Skanska is continuing with the second stage of the construction of the residential district of Emil Kolben in Prague 9. The building, which is named after the younger brother of the famous industrialist Emil Kolben, will offer 179 apartments, mostly small apartments.

Altogetger, more than 1,000 of them will be built in five phases throughout the new neighbourhood. So far, Skanska has completed five buildings also named after members of the Kolben family, on whose legacy the project is based.

Thanks to the efficient use of solar energy or rainwater management, Alfred House is also expected to be almost a quarter more efficient than a comparable reference building. "We have managed to achieve a very low total energy consumption of 51 kilowatt hours/per sqm for the Alfred apartment building. The biggest impact is the thoroughly insulated building envelope, and the photovoltaic panels are also beneficial. If an amendment to the energy law comes into force in January, we will examine their wider involvement," said Martin Horálek of Skanska Residential.

District transformation 

Skanska's Emil Kolben district project is part of a major transformation of the ninth district. The former ČKD factory, which will be converted into lofts at a cost of about CZK 2 billion (€82.33 million), will also see a transformation after years of disrepair. A multifunctional district AFI City, to be built by the Israeli developer AFI Europe, will be created on a fifteen-hectare site. Two large residential projects, Suomi and Lappi, will be built by Finnish developer YIT. The Czech Central Group will build a total of 1,500 flats in Tesla Hloubětín, and the Czech Finep, which is continuing the construction of three projects, is not lagging behind. The largest one, Nová Harfa, will offer two thousand flats. CPI Property Group will also contribute a thousand housing units in Vysočany with its Kolbenova Park project. Also in the pipeline is the transformation of Pragovka by the studio of architect Pavel Hnilicka.

The City Hall itself also has big plans for construction, planning to create a new centre of Vysočany in the vicinity of the O2 arena. Its centre is to become Emil Kolben Square. The acquisition of land from Howden ČKD Compressors, worth hundreds of millions of crowns, is key to the realisation of these plans. However, large real estate groups like Penta and Kaprain are fighting for the land.




New leases

  • 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.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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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