ARTICLES LABELLED WITH TAG development

RSBC Development Financing in cooperation with Masák & Partner plans to start a new residential development in the former ČKD factory in Prague Vysočany later this year. The original industrial building should be converted into 215 atypical two-floor apartments, i.e. lofts, within two years for CZK 2 billion (€81.6 million), writes E15.cz.

A neglected plot of land in Prague 5 has now been newly acquired for billions of crowns by Austrian developer UBM. It plans to build 150 flats there. It wants to start building next year, but the project is still in the planning process. The developer has not disclosed the purchase price, the seller or the details of the construction, writes E15.cz. 

There is a new modern industrial & logistic warehouse with 5,000 sqm of space in Hradec Králové which is already leased by the logistic company Geis. The building has been completed by developer CTP as their first warehouse in CTPark Hradec Králové. With the cooperation of the city, the developer has also built a new traffic light-controlled intersection nearby and now also plans to finish a second, larger warehouse in the park in the 2023 spring, the company announced.

Since August, UBM Development Czechia has been building and now selling the second phase of its residential project Arcus City in Prague-Reporyje. Within this phase, 63 apartments and several commercial units will be built. The completion of this phase is scheduled for the end of 2024. In total, over 270 apartments, 10 family houses and several commercial units will be built in the project in three phases.

The developer Sekyra Group must pay the city of Prague more than half a billion crowns (€22 million) for the construction of public spaces in its new residential project on Prague's Rohanský island, according to new rules for private investors. This is the highest contribution a developer has ever had to pay to the capital so far, Seznamzpravy.cz reports.  

Bratislava will become the 201st global city to have a skyscraper. It will happen this week while the development of Eurovea Tower will reach the 44th floor and get over the 150 metres level. The total high will be 168 metres and the completion of shell construction should be done by the end of this year, developer J&T Real Estate announced.

JRD has announced changes in top management positions. Alexandra Tomášková is now a two-time CEO as she will also lead JRD Development in addition to her position as CEO of JRD Land. The current head of this division, Martin Svoboda, continues to lead JRD Group.

Penta Real Estate has bought 4.5 hectares of the land in Bratislava Nové Město district. The developer became the owner of this property in the bankruptcy proceeding in August this year. The price of the transaction was not published, the web portal TRENDreality.sk reports.

The first two warehouses of industrial real estate developer HelloParks have become 100 percent occupied over a few months. The Maglód and Fót developments, which opened earlier this year, are the first industrial buildings in Hungary to meet the sustainability requirements of the Excellent certificate in the BREEAM New Construction category. In addition to Maglód and Fót, HelloParks’ megapark in Páty is also being developed at full capacity. The nearly two-year-old company plans to deliver two more projects in 2022. As a result, the total gross leasable area offered by the HelloParks megaparks in the county will be increased to 160,000 sqm by the end of this year representing a total investment value of €190 million.

JRD Development completed its largest residential project in Prague's Strašnice district. 156 flats and 1320 sqm of commercial space were built in the energy-efficient complex of three buildings. The project, called Green Port Strašnice, has already been approved and is almost sold out, the developer announced.