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



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New leases

  • Sirowa Poland has relocated its office in the revitalised mixed-use Centrum Praskie Koneser complex. The international distributor of cosmetic and pharmaceutical brands leased 958 sqm in Building P at the development, in a deal brokered by Savills.
  • International fashion retailer Primark has opened its fifth Romanian store, spanning 3,185 sqm, at ElectroPutere Mall in Craiova, marking its debut in the country's south-west region. The launch follows a €10 million investment.
  • Speedwell has secured four new medical tenants for its Paltim mixed-use urban project in Timișoara. Colegiul Medicilor Stomatologi - Filiala Timiș has leased approximately 105 sqm, with an opening scheduled for November 2026. Concurrently, Paul Bold Dental Solutions will open a 143 sqm dental clinic in November 2026. Ophthalmology clinic ArtVision Med & Sofilens Lux has occupied 172 sqm since January 2026. Lastly, Ziva, a dermatology, aesthetics, and gynaecology clinic, has taken 92 sqm and will officially open in July 2026.

New appointments

  • 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.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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