UBM to finish Prague resi project soon

30
Jun
2023
News - UBM to finish Prague resi project soon #construction #Czech Republic #Prague #residential #UBM Development

by Property Forum | Residential

UBM Development Czechia has successfully completed the rough construction of the Astrid Garden residential project in Prague 7 - Holešovice, where 138 apartments and two commercial units are being built. Construction of Astrid Garden has been underway since November 2021 and is scheduled for completion in the second half of 2024. The sale of the project, designed by renowned architectural studio Bogle Architects, is being handled exclusively by the real estate agency Lexxus Norton. 


The Astrid Garden residential complex in Prague 7, comprising seven new residential buildings and one original building undergoing sensitive renovation, has reached the stage of rough construction. The installation of the building services, façade work and interior finishing works are now underway. Care will also be given to the planting of the greenery, which is an important feature of the whole site, both on the roofs and in the communal courtyard garden. "The construction of the Astrid Garden project is progressing smoothly, in accordance with the schedule. Our clients can view the construction progress from the third-floor terrace of the neighbouring Astrid Offices building, which we completed in 2021 and where we also have our office," says Alice Slámová, Marketing and Sales Director of UBM Development Czechia, adding: "In terms of sales, there is a lot of interest in energy-efficient apartments in the lucrative district of Prague's Holešovice. Currently, almost a quarter of the apartments are sold out and we are registering demand for small units."

A total of 138 apartments are being built in U Průhonu Street in layouts from 1 + kk to 4 + kk with living areas from 29.5 to 107 sqm, including two duplexes with their own entrance. The project includes cellars and parking spaces in a two-storey underground garage. The interiors, which will be carried out to a high standard, will include wooden floors and external blinds in large-format windows with wooden frames and triple glazing. The top floors will be prepared for air conditioning, while the A and B buildings will have heat recovery units working on a system to recover heat from the extracted air and help reduce heating costs. Residents will also be able to use a bike washroom, workshop and shared office. Two commercial units will be located on the ground floor of the renovated building facing U Průhon Street. UBM is building Astrid Garden with sustainability in mind. The residential buildings are being built with BREEAM environmental certification and include a number of sustainable solutions, such as electricity recovery in the building lifts or irrigation of the greenery using rainwater that will be collected in storage tanks.




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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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