ARTICLES LABELLED WITH TAG Prague

The Prague City Council has approved the next step in the investment preparation of the mixed-use project at the corner of Durychova and Libušská Streets in Prague 4. The development managed by Pražská Developerská Společnost (PDS) is in the centre of the new city district Nové Dvory and above the new subway station on line D. 

YIT is expanding its Ranta Barrandov residential project in Prague 5 by the third stage by adding another 56 units to the 259 apartments from the previous two stages.

Two years after the results of the international architectural competition won by the Danish BIG, the detailed architectural study of the Vltava Philharmonic has been completed and the construction permitting process has begun by submitting an EIA application.

Extreme heat, droughts, and floods are becoming more frequent, and the ability of cities to prepare for these climate changes is playing an important role. In terms of heat, the top three cities in the new Savills Heat Resilience Index are Helsinki, Copenhagen and Stockholm. 

The share of residential transactions in Prague within total investment volumes has been increasing since 2023, according to Savills' Rental Housing in Prague report. In the first half of 2024, it reached almost 18%, equivalent to €158 million.

Geosan Development is launching sales in the Re.Start Petynka apartment building in Prague 6 near Břevnov and Hradčany. The estimated start date for construction is the beginning of 2025.

The Q5 Gallery has been a new addition to the Mešice art hub located on the outskirts of Prague. The event and conference space is serving companies located in Q Park Měšice in a non-traditional industrial environment.

YIT has launched the sale of apartments in the tenth stage called Tampere in the Suomi Hloubětín complex in Prague. The high-rise building on Waltariho Street will become the dominant feature of the new Finnish Quarter. The Tampere building is designed to complete the renovated central square of Alvar Aalto.

UBM Development Czechia has completed the Timber Praha project in the Prague-Řeporyje district. The future owners can move in in Autumn this year.

Fetters has joined the residential developers club with the Panorama Braník project in Prague 4. The company has been engaged in comprehensive construction project management since 2013. The biggest challenge so far is the project management of the Vltava Philharmonic in Prague.