Star Group adds new phase to Prague resi district

24
Jun
2024
News - Star Group adds new phase to Prague resi district #Czech Republic #Prague #residential #Star Group

by Property Forum | Residential

The developer Star Group is launching the construction of ten residential villas in Prague 8 - Dolní Chabry according to the design of the architectural office Loxia. The developer has released 120 apartments as part of the pre-sale, 40% of which is now gone.


The construction of almost 250 apartments in one stage is unusual in the current market. According to Czech statistics office data, construction production fell by 8.3 per cent year-on-year, while building construction fell by 11.1 per cent, and recorded a three-year low. When new projects are started, they are usually divided into smaller portions. The current stage of the Nové Chabry project consists of almost 20,000 sqm of living space, divided into ten low-rise apartment buildings. It offers 242 apartments of various sizes. Each apartment has a balcony, garden or terrace. Part of the parking spaces in the basements of the buildings will also be offered for sale to existing residents from previous stages.

Star Group built more than 620 new apartments in the location between 2014 and 2021. As part of the previous stages, the developer constructed and handed over a new kindergarten to the city district and a neighbourhood community centre. Star Group has been financing the operation of this community centre for two years. Total investments in public facilities, including contributions, donations and support of community life within Nové Chabry have already exceeded CZK 180 million (€7.24 million).

The new owners are expected to move into their apartments at the end of 2026. The developer is investing CZK 2 billion (€80 million) in the new stage of the project. "Despite more than a three-year pause in the project construction, many people waited for a new stage," said Tal Grozner, CEO at Star Group, and added: "We try to cooperate intensively with local authorities and city districts. It is necessary if we also want to respect wider relations in the territory and not just build separate satellites with all their faults. We always want to be a good neighbour.“

Construction began in May 2024, and the building use approval is planned for August 2026. The general contractor is Swietelsky stavební.

 




Latest news


New leases

  • Jack & Jones has leased 310 sqm for a new store at Promenada Sibiu, owned by NEPI Rockcastle.
  • Palas Campus, Romania's largest office building, is set to host the new regional hub for BCR starting this autumn. The HQ will occupy a surface area of approximately 1,000 sqm and will serve clients from the local county and adjacent regions.
  • Teva Pharmaceuticals has relocated its offices to Budapest-based Corvin Skypark. The deal covering 653 sqm was brokered by iO Partners.

New appointments

  • NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.
  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.


Latest news

News - Alides and Revive sell Imperial Shipyard site to Develia
03
Apr
2026

Alides and Revive sell Imperial Shipyard site to Develia

by Property Forum
Alides and Revive, the two Belgian developers behind Gdansk Development Holding, have signed a preliminary agreement for the sale of 100% of shares in Stocznia Cesarska Development to Develia, one of Poland's residential developers.
Read more >
News - Logicor reaches full occupancy at Alligator Park in Budaörs
02
Apr
2026

Logicor reaches full occupancy at Alligator Park in Budaörs

by Property Forum
Logistics developer Logicor has signed a new lease agreement with CHS, a Hungarian IT distribution company, for 5,580 sqm of warehouse space at Logicor Alligator Park in Budaörs, bringing the property to 100% occupancy.
Read more >
News - Fiege expands 21,000 sqm across three Panattoni parks
02
Apr
2026

Fiege expands 21,000 sqm across three Panattoni parks

by Property Forum
Panattoni and Fiege are expanding their partnership in western Poland through new agreements covering lease extensions and expansions at three sites: Panattoni Park Goleńiów I, Panattoni Park Zielona Góra I and Panattoni Park Gorzów I. The total additional space leased by Fiege amounts to nearly 21,000 sqm.
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