UBM Development tops out residential project in Prague

12
Nov
2026
News - UBM Development tops out residential project in Prague #Brownfield #Czech Republic #Energy Efficiency #Porr #Residential #Ubm Development Czechia

by Property Forum | Residential

UBM Development Czechia has completed the structural frame of its Rezidence Na Plzeňce residential project in Prague 5, near Smíchov railway station. The building is being constructed on a former brownfield site and is contributing to the gradual transformation of this part of the city. Completion is planned for the second half of 2027.


With the structural phase complete, work has covered all load-bearing elements including walls, ceilings and the roof, with window installation under way in parallel. The next phase will focus on the roof cladding, facade and interior fit-out, including technical services and internal partitions. Work on the adjacent Na Plzeňce street is also progressing, with technical infrastructure in place and paving and asphalt nearing completion. A blue-green infrastructure system is being used to retain rainwater in tree root zones.

"We are pleased that construction of Rezidence Na Plzeňce is proceeding to plan and beginning to approach its final form. We are also pleased that at this stage of construction the project is almost sold out. We see this as confirmation of strong demand for quality housing in the popular Smíchov area, with an emphasis on energy efficiency and resident comfort," said Josef Wiedermann, managing director of UBM Development Czechia.

The development, situated between Nádražní and Strakonická streets, comprises 160 units ranging from studios to four-room apartments, with sizes from 28 sqm to 119 sqm. Most units include a balcony, terrace or garden, with views of the Prague skyline from the upper floors. Specification includes timber flooring, large-format windows with wooden frames and triple glazing, and underfloor heating with a supplementary cooling function. Selected units will also include heat recovery ventilation. The building will include storage cellars, parking for conventional and electric vehicles, and four ground-floor commercial units.

The building holds an energy class A rating and will use geothermal boreholes and heat pumps for heating, cooling and hot water, supplemented by rooftop photovoltaic panels. Electric vehicle charging points will also be provided.

Rezidence Na Plzeňce is located close to Smíchovské nádraží, with a tram stop directly outside the development and metro line B, rail and bus connections within reach. The surrounding area includes shops, schools, healthcare facilities, restaurants and green spaces along the Vltava river.




New leases

  • Globalworth announced the signing of a lease agreement with B+N Integrated Facility Services, part of the international facility management company LIWO Group, which operates across nine European countries. B+N will occupy approximately 1,500 sqm of office space in Green Court D, Globalworth’s newest development in Bucharest, currently under construction in the Aurel Vlaicu area and scheduled for completion in 2027.
  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • 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.

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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