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.




New leases

  • 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.
  • 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.

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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