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.




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  • 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.
  • International flexible office operator SwitchUp has launched its expansion into the Polish market, securing a lease agreement for 2,100 sqm of space at the AFI Office House in Warsaw. The transaction represents the company’s debut contract in Poland, positioning the operator within the first office building of the city’s upcoming Towarowa22 regeneration development. Savills acted as the deal broker.
  • International retailer MR.DIY has joined the tenant mix of the Plejada Shopping Centre in Sosnowiec. Its new 700 sqm store will significantly enhance the shopping centre’s offering of household products and everyday essentials. Cushman & Wakefield is responsible for the leasing and comprehensive management of the property.

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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