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

  • 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.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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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