YIT starts construction of apartment building in Prague 11

02
Aug
2022
News - YIT starts construction of apartment building in Prague 11 #Czech Republic #development #Prague #residential #YIT

by Property Forum | Residential

Another apartment building inspired by Scandinavian architecture has been launched in Prague by the developer YIT.  The twelve-storey building with 47 apartments will be built near metro line C's Opatov station. It should be completed within two years, the developer informed.


YIT has started construction and sales of another Finnish-style residential project in Prague 11, Chodov. The Rivi Bachova house is being built on the site of a former boiler house and will house a total of 47 residential units ranging from 1-bedroom to 3/4-bedroom and up to 91 sqm in size, some with balconies or terraces. The developer expects its completion to take place at the turn of 2023 and 2024.

The apartment building with 12 above-ground and two underground floors is connected to the existing panel building and will visually complete the entire block. The design respects the character of the surrounding buildings, but also uses contemporary architectural elements and draws inspiration from Nordic architecture. The building will also include commercial space for retailers or services. Basements, a carriage house and parking spaces are also standard. Those in the garages will be accessed by two car lifts. Due to the tightening of lending in the Czech Republic and the constantly rising interest rates on mortgages, the developer promises clients assistance in obtaining a mortgage loan.




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New leases

  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.
  • Lighting solutions provider Luxiona has secured 430 sqm of office space at the Warsaw-based Greenwings Offices complex. The site will serve as the company's Polish HQ and a dedicated showroom for its lighting range. Axi Immo represented the tenant in the transaction.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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