ARTICLES LABELLED WITH TAG development

Investment group DRFG has announced the acquisition of the new multifunctional development project Tři Dvory, with a market value of CZK 1 billion (€42.3 million). The project will be located on the site of a former royal mill on the outskirts of Újezd u Brna, in close proximity to the Stara Hora vineyards. Construction is due to start in spring 2024 and final completion is planned for spring 2026. 

The Prague City Council has approved the investment preparation of the Beranka residential project in Prague Horní Počernice. The construction of 300 flats on an area of 63,000 sqm is being prepared under the management of the Prague Development Company (PDS). Architectural competition and tenders are being prepared. PDS plans to build between 2025 and 2030.

UDI Group is adding another project to its portfolio. It will build a suburban retail centre in the village of Líbeznice north of Prague. According to the developer, a similar centre with a supermarket and several smaller retail units at one address with quality parking facilities is still missing in this village of 3,000 inhabitants. UDI Group estimates the investment at CZK 100 million (€4.2 million).

The number of foreign investors that will appear in Slovakia depends on several key factors like the stability of the country, the availability and price of labour, and the cost of utilities and only then by the real estate market’s specifications, said Martin Varačka, Partner at Space Brokers SK in an interview to the Property Forum.

Bratislava-based investor-developer Synapsis Property Ventures is preparing a set of 37 family houses, with the aim of creating community family housing, near the Slovak capital’s Knižkova dolina area. Each house will have approximately 140 sqm of net usable area. The estimated investment of the project is €20 million.

Penta Real Estate announced the finalisation of their newest land acquisition in the centre of Bratislava. The company bought a 3-ha (30,000 sqm) plot of land that is bordered by Mlynské nivy, Chalupkova and Košická streets. The seller is HB Reavis. Both parties have agreed that the amount of the transaction will not be disclosed. 

The Lastavice development project in Belgrade, Serbia, has just completed its rough construction. The first building of the project, which will offer almost 500 flats and require an investment of more than CZK 2 billion (€84 million), will be completed by the Czech developer UDI Group in spring 2024, while the construction of the second of the project's two buildings will begin at that time.

CTP has unveiled plans to invest €600 million in the coming years to double its portfolio to 20 million sqm by 2030.

CTP is contributing to the carbon neutrality of the warehouses of CTPark Prague North with the use of trapezoidal sheets made of XCarb ‘green’ steel, manufactured by Arcelor Mittal. It will be added to the entire roof area of a warehouse designated D8.7B with a total area of 32,000 sqm. This resulted in a saving of 835 tonnes of CO2, the equivalent of 348 people living without a car for 1 year.

A new industrial building has been constructed in CTPark Prague West near Prague, which holds a record 92.1% ‘BREEAM New Construction’ sustainability certification score of ‘Outstanding’, making it the ‘greenest’ industrial building in the Czech Republic. The warehouse, which was built under strict environmental measures, features a range of innovative solutions contributing to energy efficiency, as well as facilities to support local animals, abundant greenery, and a charging station for electric vehicles.