UBM Development Czechia takes next step in wooden construction

06
Mar
2024
News - UBM Development Czechia takes next step in wooden construction #construction #Czech Republic #residential #UBM Development #wooden #wooden const

by Property Forum | Residential

UBM Development Czechia announced a significant milestone in sustainable construction in the Czech Republic, allowing the construction of wooden buildings up to 22.5 meters using the engineering method.


This development follows the validation of wooden building suitability by key institutions, with changes to standards expected in the first half of the next year. To expedite this process, parts of Eurocodes 5 and four ISO standards on fire engineering have been introduced, with proposed standard changes scheduled for the first half of 2025. The Platform for Sustainable Wood Construction, initiated by UBM Development Czechia and Prodesi/Domesi, has played a crucial role, with member companies like Skanska, Linkcity, and others actively supporting a greener future for the Czech construction industry.

Josef Wiedermann, Managing Director of UBM Development Czechia, sees this as a significant shift towards sustainability, aligning the Czech Republic with developed Western European countries. He emphasises the environmental benefits of wood as a building material, citing the Timber Praha project's 60% reduction in CO2 emissions compared to traditional construction methods. The legislation's approval opens doors for more ecological wooden buildings in the country, contributing to a more environmentally friendly construction industry.




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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