ARTICLES LABELLED WITH TAG Crestyl

News Crestyl removes casino from historical palace in Prague
11
Sep
2024

Crestyl removes casino from historical palace in Prague

by Property Forum
The development group Crestyl is returning the Baroque Savarin Palace in the centre of Prague to the cultural map of the metropolis. The most valuable historical spaces of the newly renovated listed building by Kilian Ignác Dientzenhofer are opening doors for exhibitions instead of the casino.
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News Crestyl continues with next phase in Prague resi development
30
Aug
2024

Crestyl continues with next phase in Prague resi development

by Property Forum
Crestyl has completed two residential houses in its Prague development district Hagibor. The Gamma building with 138 apartments for sale and the Delta building with 168 apartments for rent have passed the building use approval in July.
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News Crestyl adds fifth resi building in Prague project
22
May
2024

Crestyl adds fifth resi building in Prague project

by Property Forum
Development group Crestyl has presented the new Kappa residential building on Prague's Hagibor next to the Želivského metro station. The construction of the fifth apartment building within the Hagibor project is starting at the beginning of 2025, with completion scheduled for 2027.
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News Crestyl includes hotel in mixed-use Brno development
18
Apr
2024

Crestyl includes hotel in mixed-use Brno development

by Property Forum
The Dornych project by Crestyl Group is to replace the old shopping centre in the neighbourhood of Brno's Central Station in the upcoming years. The developer has now announced a hotel as a part of this development. Its opening is planned for mid-2028.
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News Obermayer Helika moves Crestyl's resi project in Prague ahead
04
Apr
2024

Obermayer Helika moves Crestyl's resi project in Prague ahead

by Property Forum
Design and construction consulting office Obermeyer Helika has completed and handed over the documentation for the construction of the Semerínka residential project in Prague 5 Radlice developed by Crestyl. The construction of the project has started.
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News New Dornych in Brno moves closer to construction
20
Feb
2024

New Dornych in Brno moves closer to construction

by Property Forum
The Dornych project of Crestyl Group replacing the old shopping centre in the neighbourhood of the Brno Central Station has received a building permit.
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News Crestyl takes full control of Polish residential developer Spravia
02
Nov
2023

Crestyl takes full control of Polish residential developer Spravia

by Property Forum
Czech developer and investor Crestyl has strengthened its position in the Central European residential property market. This week it completed the acquisition of the remaining 50% stake in one of Poland's largest residential developers Spravia (formerly Budimex Nieruchomości) from Cornerstone Partners, giving it full control of the company. Both partners initially bought the Polish developer in 2021 for PLN 1.51 billion (approximately CZK 8.5 billion) in one of the largest real estate deals in CEE. The price of the current transaction has not been disclosed. This acquisition will enable the integration of Spravia into the Crestyl Group, while further strengthening Crestyl’s balance sheet from the current €850 million to €1.3 billion, with the intention to grow further in both markets.
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News Crestyl secures permission to build 200 apartments in Prague
30
Aug
2023

Crestyl secures permission to build 200 apartments in Prague

by Property Forum
The new residential project Semerínka, backed by the developer Crestyl, has received a building permit and construction will begin during the autumn. The Semerínka project in Prague's Radlice district, consisting of four blocks of varying heights, will offer 185 apartments.
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News Crestyl plans to build 224 flats in Prague 6
26
Apr
2023

Crestyl plans to build 224 flats in Prague 6

by Property Forum
Crestyl has unveiled its new residential project. The project will be built next to the vast Šárka Nature Park in Prague 6 on the site of the current Šárka Business Park industrial and logistics complex (former Aritma). The new free-access residential area with park areas will include 18 villas with a total of 224 apartments, six family houses near the border with the forest land, a kindergarten and premises for services and shops. The architectural and urban design of the buildings and public spaces emphasises the connection with the nearby forest. The project received final planning permission in February this year. Construction of the first phase, which will include 108 apartments, is scheduled to start next year. The total investment will exceed four billion crowns (€170.15 million).
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News pbb and Helaba provide €63 million for Crestyl project in Prague
19
Dec
2022

pbb and Helaba provide €63 million for Crestyl project in Prague

by Property Forum
Following the previous financing of four phases of the Dock In Office Park in Prague, Deutsche Pfandbriefbank (pbb) and Helaba have jointly underwritten an investment facility, totalling €63 million to refinance “Dock In Five”, the last addition to the Dock project developed by Crestyl Group. pbb and Helaba acted as joint lead arrangers and provided equal portions of the funding; pbb also acts as the facility and security agent for the transaction.
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Latest news


New leases

  • Hillwood Polska has relocated its office to Warsaw's Plac Małachowskiego office building. The company will occupy space on the fifth floor of the building.
  • Primark is opening its seventh shop in Poland. Another outlet of the chain will be opened in the Zielone Arkady shopping centre in Bydgoszcz. The store will occupy a total retail space of 3,200 sqm on two floors.
  • GTC in collaboration with The Shire Beyond Coworking, is isopening a new coworking space in Korona Office Complex in Kraków.

New appointments

  • Bartłomiej Polnik has joined Savills as Associate Director, Senior Project & Development Manager PRS & Living Sectors in the PBC department.
  • Stage Capital has announced the appointment of Jacek Kołodziejski as Country Director in Poland. His role is to manage Stage Capital's retail property portfolio in Poland and to guide the growth of its value through expansion of existing facilities and acquisitions with growth potential.
  • Tomasz Waligórski will take over as General Manager of the Carrefour chain in Poland from 1 November. In this function, he will replace the previous, long-standing director of the Polish branch, Tareck Ouaibi.

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