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

  • Banca Transilvania has renewed its lease for 1,200 sqm in AFI Park Timișoara, in a deal brokered by Cushman & Wakefield Echinox.
  • Revetas Capital has secured four lease transactions totalling 5,700 sqm of gross leasable area at the Bonarka for Business (B4B) office park in Kraków. The transactions include a new lease agreement with telematics firm Geotab, alongside three lease renewals. Geotab has taken up office space in Building E of the complex. Concurrently, KION renewed its commitment to 4,000 sqm of office space within the same building. The remaining two lease renewals were finalized for spaces in Buildings F and D. Cushman & Wakefield represented Geotab, and JLL advised KION on the deals.
  • Sirowa Poland has relocated its office in the revitalised mixed-use Centrum Praskie Koneser complex. The international distributor of cosmetic and pharmaceutical brands leased 958 sqm in Building P at the development, in a deal brokered by Savills.

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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