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.




Latest news


New leases

  • XXS GYM has signed a lease for over 850 sqm of space in the modern O3 Business Campus office complex, located on Opolska Street in the northern part of Cracow.
  • Alior Bank has extended its lease at Ocean Office Park B in Kraków to accommodate its Private Banking Department. The deal, supported by brokerage firm CBRE, marks the final stage of a two-year consolidation of the bank's Kraków operations. Following the expansion, the bank occupies approximately 7,000 sqm within the Cavatina Group-owned complex.
  • TriGranit has finalized a lease extension with Mondelez Europe Services to remain in the Signum Work Station building through 2032. Facilitated by broker CBRE, the agreement secures nearly 4,000 sqm of office surface for the global snacks group member within Warsaw’s Mokotów district.

New appointments

  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.


Latest news

News - Alesonor and Strabag begin second phase of resi project near Bucharest
22
Apr
2026

Alesonor and Strabag begin second phase of resi project near Bucharest

by Property Forum
Alesonor and Strabag Romania have started construction work for the second phase of the Amber Forest suburb in Tunari, near Bucharest. 
Read more >
News - City logistics and data centres emerge as strongest value drivers in Slovakia
22
Apr
2026

City logistics and data centres emerge as strongest value drivers in Slovakia

by Property Forum
In a video interview recorded at Bratislava Property Forum 2026, Jakub Volner, Business Development Director at Panattoni Slovakia, explains where developers see the best opportunities today, how tenant demand is shifting and what investors are prioritising in the logistics sector.
Read more >
News - Speedwell starts €135 million villa project near Bucharest
21
Apr
2026

Speedwell starts €135 million villa project near Bucharest

by Property Forum
Property developer Speedwell has launched Glenwood Estate, a residential compound in Corbeanca, near Bucharest, with the total investment value estimated to exceed €135 million.
Read more >


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