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

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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