UDI Group to expand Prague shopping centre with apartments

19
Oct
2023
News - UDI Group to expand Prague shopping centre with apartments #Czech Republic #Prague #reconstruction #residential #retail park #shopping centres #UDI

by Property Forum | Residential

Developer UDI Group will launch a residential development in Prague directly opposite the Lužiny metro station. With an investment of more than CZK 1.3 billion (€52.6 million), two apartment buildings will be built here to complement the shopping centre, in line with the original plan from the 1980s. 


The construction of the apartment buildings will also include the reconstruction of the roof of the shopping centre. This will be partially greened with extensive greenery, and the roofs of the new buildings on the tenth floor will even be intensively greened. The houses also envisage greenery on the façade in the form of trees and other plants on all floors. Over 300 apartments and more than 300 parking spaces will be built on the site. The total investment in the project is estimated by UDI Group at more than CZK 1.3 billion (€52.6 million). The final design was developed by Hlaváček & Partner. The investor selected Metrostav as the general contractor in the tender procedure.

"Our project is based on the original intention of the urban planners and architects of the Jihozápadní město, who wanted to create a local centre here. During the negotiations, both the state authorities and the city set very high demands and requirements, which we fully met. The result of the negotiations is two residential buildings that will complement the Lužiny Shopping Centre on both sides. Although the project is being built on a limited plot of land, it will bring higher quality and even a lot of greenery to the site. Parked cars and supplies will disappear from the streets, everything will be moved into the building and underground. The greenery will be not only on the roofs but mainly on the facade of the new buildings," explained Marcela Fialková, Director of Strategy at UDI Group. According to her, the extensions will also complete the transformation of the shopping centre, which UDI Group started ten years ago with its major reconstruction.

According to Zuzana Čižmáriková, UDI Group's sales director, both apartment buildings will have direct access to the shopping centre, which, in addition to the Billa supermarket and other shops of all kinds, also offers amenities such as a library, fitness centre, children's playroom, hairdresser, restaurants and cafés, and several other service facilities.




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.

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