ARTICLES LABELLED WITH TAG UDI

The international developer UDI Group has opened a fund of qualified investors. It is intended for private and institutional investors. In addition to funds or banks, large private investors can also invest in the fund. The lowest possible deposit is CZK 1 million (€40,000). In the future, the fund will also include sub-funds aimed at financing individual large projects. In the first phase, the General sub-fund is opened, which will invest in the UDI Group as a whole, and the Conservative sub-fund invests in loans for individual projects. To investors, the fund will offer appreciation in a more conservative form with a guarantee of a minimum return of 6.5% per year, with a premium return of around 15% per year expected. The status and statutes of the fund were checked and approved by the CNB.

Developer UDI Group will launch a residential development in Prague directly opposite the Lužiny metro station. With an investment of more than CZK 1.3 billion (€52.6 million), two apartment buildings will be built here to complement the shopping centre, in line with the original plan from the 1980s. 

In September, Czech developer UDI Group started selling apartments in its first project overseas. The group not only handles the entire sales transaction for the apartments but also the follow-up servicing or leasing. Construction of the 15-storey condominium in the financial district of Panama City's capital is expected to be completed in 2026. 

Unlike in the Czech Republic, developers in Poland can rely on the deadlines given by law which makes it a lot easier to do business. Marcela Fialková, Strategy Director of Czech-based developer UDI Group talked to Property Forum about the challenges and opportunities different markets in CEE offer.

UDI Group has opened the fully completed Sázava Logistics Park on the D1 motorway near Ostředek in the Central Bohemia Region. The construction of the complex, which offers 50,000 sqm of space, required an investment of CZK 1 billion (€42 million). Approximately 300 employees have found work in four plants. The group is currently building another similar facility, which will offer 130,000 sqm of space in three halls. The investment is worth CZK 3 billion (€126 million).

Czech developer UDI Group has started construction of more apartments in the Polish capital. As part of the Classic Ursus project, it has now started construction of the second phase, in which it will build a total of 272 apartments in two apartment buildings. The phase also includes a challenging reconstruction of the listed original entrance building to the Ursus factory. A total of 960 apartments will be built in the Classic Ursus project in Warsaw under the Czech developer's management for a total cost of CZK 2.8 billion (€117.7 million).

The UDI Group has acquired an industrial site in Brno in January, which it will operate for the time being while preparing for future redevelopment. At the moment, the plan is to build offices and hotel-type accommodations. If the city changes the zoning plan, as it seeks to do, the developer's final project may change to reflect this.  Construction would be done in phases, with the first phase to begin within two years. The developer announced the acquisition without disclosing the transaction price.

UDI Group, an international development group with Czech roots, is planning a massive construction in Belgrade, Serbia. It plans to build the Duga project with 2,320 apartments and 40,000 sqm of offices on the site of a former factory for almost €392 million. Construction is expected to start next year, UDI Group reported.

Prague 3 has spoken out against a development project planned by the developer UDI Group in Žižkov. The town hall is bothered by the size of the project. The developer accuses the authority of arbitrariness and threatens to sue. Martin Roman, an ex-CEZ Group boss, has a stake in the project, writes seznamzpravy.cz.