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.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • 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.

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.

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