News Article Czech Republic development Kladno residential YIT
by Property Forum | Residential

The latest plans of YIT include residential construction outside of Prague. The company plans to gradually build 800 apartments on the outskirts of Kladno within 12 years, reports.

The second largest project of YIT in the Czech Republic would be a housing development in Kročehlavy on the outskirts of Kladno, which is located in the Central Bohemia region, 30 km from Prague. The new project, called Růžové pole (Pink Field), is expected to be built in ten phases over 12 years, with eleven or twelve blocks of around 800 flats. 

"One of the priorities of our strategy is expansion into the regions. We are already interested in other cities in the Czech Republic, not just Prague," YIT Group CEO Markku Moilanen told According to the developer, the construction is to be built on the upcoming Globus shopping centre and the sports and recreation complex that the city itself plans to build behind the shopping centre.

Part of the Růžové pole project will include a new kindergarten and several smaller establishments for shops and services on the five-hectare site. Plans call for apartment buildings of six to eight storeys with parking for 910 cars. "The parking spaces will be located on the ground floor and also on the surface of the individual phases of the project, as allowed by the ordinance and the requirements of the Kladno zoning plan," said Marek Lokaj, CEO of YIT Stavo. The developer plans to start construction of the first phase in 2024.