Developer Crestyl presented the administrative part of the new Hagibor district in Prague, next to the Želivského metro station. A total of six office buildings will be built here. The first stage includes two administrative buildings that will offer 31,000 m2 of space for rent. Of this, almost 9,000 m2 will be occupied by the Czech News Center media house, which will move its headquarters here. The construction of the first office stage, in which, in addition to Crestyl, EP Real Estate also participates, will begin this year. Its completion is planned for the end of 2023. As part of the Hagibor project, a total of five residential houses are gradually growing under the leadership of Crestyl - two of them are already nearing completion, construction of the third will begin this year. Everything connects the square and the central pedestrian boulevard with shops and restaurants, which leads from the exit of the metro. The cost of the entire project will exceed nine billion crowns.
The Crestyl development group, in cooperation with EP Real Estate, billionaire Daniel Křetínský, will build the first phase of an office complex in Prague’s Hagibor.
On one of the most lucrative plots in the Czech Republic, right next to Prague's Masaryk Railway Station, the cranes of the Penta Investments investment group are already tirelessly delivering material and the local construction site is living its own life. In front of passers-by, the skeleton of one of the most discussed buildings of decades is slowly moving towards the sky.
A new district, which respects the historical monument with a unique genius loci from the Czech Industrial boom times and connects it with modern lifestyle is about to be built.
Developer Crestyl has opened a new park in its DOCK district, growing around two blind branches of the Vltava in Liben, Prague. It offers on an area of one hectare both relaxation in the greenery with an ornamental pond, fog and smart benches, as well as the possibility of sports activities - right in the park there is a running speed meter on a special tartan running track leading around the whole area. In the near future, charging stations for electric cars will also be installed next to the park. In the future, the new park also includes markets and various cultural and sporting events.
The Covid 19 pandemic has given rise to a new certification. The Well Health-Safety Rating addresses the indoor environment of buildings, their operation and management in terms of health impacts. It is already owned by the first buildings in the Czech Republic, such as the Parkview building, which Skanska recently completed in Pankrác, Prague.
The Penta group closed the pandemic year of 2020 with a net profit of 134 million euros, while total assets of the portfolio companies reached 11.1 billion euros. Despite the pandemic, Penta invested 419 million euros in Capex for the development of its companies and projects. The group employs more than 43,000 people and has paid a total of 243 million euros in income tax and other social contributions.
The Crestyl Group is completing its DOCK district, growing around two blind branches of the Vltava in Liben, Prague. The last building is currently under construction - the DOCK IN FIVE office. Work is also finishing on the hectare park directly in the area, which will be completed and opened during the spring months. The residential buildings are all completed and the apartments are sold out. Similarly, all completed office buildings are fully occupied by tenants except for the last few meters. Completion of the last DOCK IN FIVE office building is scheduled for the second half of 2022. It will offer approximately 21.5 thousand m2 of office space and retail space.
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