UBM Development prepares new mixed-use project in Prague

25
Apr
2019
News - UBM Development prepares new mixed-use project in Prague #Czech Republic #development #mixed-use #office #Prague #residential #UBM Development

by Property Forum | Office

Following the recent takeover of the Sugarmaker Palace, UBM Development is preparing another large project, namely the Astrid Garden multifunctional complex, consisting of two parts – Astrid Offices and Astrid Residences. In the first stage, a five-storey office building will be constructed, followed by a residential complex of about 110 units the sale of which will be launched in the third quarter of 2020. The architectural form was designed by Bogle Architects, emphasising not only the modern look, lightness and airiness, but also the sensitive setting in the typical character of Holešovice.


The construction of the modern Astrid Offices office complex will be launched in Dělnická Street in Prague’s Holešovice in the coming months. The five above-ground and two underground floors will cover a total area of 5,400 sqm, of which 3,420 sqm will be available for office space lease, and 690 sqm will be provided for retail. The construction will be completed in the first half of 2021.
 
The large-area glazing using vertical slats and horizontal blinds on the facade of the building will provide maximum brightness of the internal space, without using artificial lighting. The complex will include several coworking spots located not only in the interior of the building and in the green atrium adjacent to the reception, but also on the common terrace facing the inner garden. This space will primarily serve the future tenants to draw inspiration.
 
“However, inspiration is not the only thing we want to support with tenants. Cycling is becoming increasingly popular in Prague, and we are going to help spread it as an environmentally friendly way of transport. That is why the tenants and workers will find a modern, spacious bike room in the building, fully equipped for maximum comfort and offering comfortable bike racks,” says Kateřina Poláková, Marketing & Sales Director, UBM Development Czechia.
 
“We are currently intensifying our operations in the Czech Republic, and we are planning more activity in both residential and commercial projects. The first examples are the Sugarmaker Palace and the Astrid Garden project,” adds Ing. Jan Zemánek, Company Executive and member of the Executive Committee of UBM Development Group



Latest news


New leases

  • MLP Group has bolstered the tenant mix at MLP Poznań West by welcoming Stockly, a 3D printing specialist. The company has leased 2,400 sqm of warehouse and office space, with operations already underway via early access. A full handover is expected in December 2026. Stockly was represented by Rock Estate during the transaction.
  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.

New appointments

  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.
  • Aleksandra Walaszek and Tomasz Nowakowski have joined Cushman & Wakefield’s Retail Agency. Walaszek has more than 10 years of experience in the retail sector. Nowakowski is an expert with nearly 20 years of experience in strategic leasing and retail property transaction management.
  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.


Latest news

News - Mortgage payments now cheaper than rent in Bucharest, says broker
20
May
2026

Mortgage payments now cheaper than rent in Bucharest, says broker

by Property Forum
Falling mortgage rates in Romania have pushed monthly loan payments below average rent for the first time in recent years, according to analysis by online mortgage broker Ipotecare.ro.
Read more >
News - CPI Property Group secures €100 million financing for Sun Plaza
20
May
2026

CPI Property Group secures €100 million financing for Sun Plaza

by Property Forum
CPI Property Group (CPIPG) announced that its subsidiary, CPI Europe, has secured €100 million financing for the Sun Plaza shopping mall based in Bucharest.
Read more >
News - Romanian construction sector increasingly focused on public works
20
May
2026

Romanian construction sector increasingly focused on public works

by Property Forum
Romanian construction activity increased by over 6% in the first two months of 2026, following a record 2025, and remained the country's only major economic sector showing growth in April, according to Colliers analysis based on Eurostat data.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy