UBM heads to completion of resi project in Prague

21
Jun
2024
News - UBM heads to completion of resi project in Prague #Czech Republic #Prague #residential #UBM Development

by Property Forum | Residential

The construction of the Astrid Garden project by UBM Development Czechia is reaching its construction end and completion. The complex of seven newly built and one reconstructed building from the beginning of the 20th century in the Holešovice district in Prague is scheduled for approval in July 2024.


The apartment buildings contain eight sections with two, four and six floors with a green space in the centre of the complex. It offers 138 apartments with living space from 30 to 107 sqm. The majority of units have either a garden, terrace or balcony. Half is already sold. Thanks to the architectural concept, the individual sections are intimate, each with its entrance and lift.

UBM has prepared a mock-up apartment with a layout of 2+kk and a size of 51.5 sqm. "We designed the apartment following the natural material of the wooden oak floor. The furniture in the living room, kitchen, bedroom and hall comes from the Czech manufacturer Hanák, in the living room there are accessories from Ton and Javorina," says David Lukas, Chief architect at UBM Development Czechia. The furnishing products were selected from Villeroy Boch, Hansgrohe, Kaldewei and Marazzi collections.

There are two commercial units on the ground floor of the residence. Sustainable design includes collecting rainwater into the storage tank available for irrigation. Recuperation is installed in the units in the sections of the apartment building facing U Průhonu Street. The project was designed by the architectural studio Bogle Architects.

UBM Development focuses on timber buildings, and green and smart buildings in Vienna, Munich, Frankfurt and Prague. UBM has been on the market for 150 years, it implements projects from acquisitions, planning, and building construction to their sale. The company's shares are listed on the Prime Market of the Vienna Stock Exchange, in the segment with the highest requirements for transparency. UBM has been operating in the Czech market since 1993.




Latest news


New leases

  • 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.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.

New appointments

  • 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.
  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • 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.


Latest news

News - Panattoni starts work on 42,000 sqm logistics park in Łódź
12
May
2026

Panattoni starts work on 42,000 sqm logistics park in Łódź

by Property Forum
Panattoni has commenced construction on City Logistics Łódź V, an urban logistics development totalling 42,000 sqm. The project, situated in the eastern district of the city, represents a strategic brownfield redevelopment designed to meet rising demand for last-mile delivery infrastructure.
Read more >
News - Find out who’s shaping Romanian real estate in 2026
12
May
2026

Find out who’s shaping Romanian real estate in 2026

by Property Forum
Business leaders from finance, energy, technology, real estate and professional services will gather in Bucharest next week to discuss how companies can navigate economic uncertainty, technological disruption and shifting market dynamics. Bucharest Business Forum 2026 brings together senior executives, investors and decision-makers for an afternoon focused on leadership, transformation and long-term growth opportunities.
Read more >
News - UDI Group starts construction of resi complex in Prague
11
May
2026

UDI Group starts construction of resi complex in Prague

by Property Forum
UDI Group has obtained a building permit for building B of its key project in Prague's Smíchov district. The project, previously known as Vltava Meadows, now enters the construction phase under the official name Side Smíchov Living. 
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