Flow East begins demolition of Wenceslas 47

Flow East begins demolition of Wenceslas 47

Published at: 2017-04-19 11:27 | Author: CIJ Journal
Demolition is underway of Wenceslas 47 at the corner of Wenceslas square and Opletalova street in Prague 1, opening the way for the construction of a new mixed-use, steel and glass project by Flow East. To be called Květinový dům, the new building will offer retail and office space across nine floors. The project extends to the the courtyard of the Jalta hotel as well as on the site of the former printing firm on Opletalova street which the developer tore down previously. Flow East acquired Wenceslas 47 in 1994 but was unable to secure approval for its demolition until 2013. However, the developer’s plan for the building from 1880 proved controversial, despite the refusal by the Czech Ministry of Culture to include it on the list of protected building. Investment in the project is expected to run to around CZK 1bn.

Similar Stories:

TMR to invest €22m into ski resort at Štrbské pleso
Tatra Mountain Resort is planning to invest €22m to 30m into a ski resort it operates at  »
Penta’s net profit up 25% to CZK 6.8bn in 2016
Penta Investments’ net profit jumped 25 percent y-o-y in 2016 to CZK 6.78bn. Revenues ro  »
Colliers to manage Slovanský dům, Millenium in Prague 1
Colliers won property management contracts for two mix-use buildings in Prague: Slovanský  »
Romanian Commercial Real Estate Conference to be held May 18
The Romanian Commercial Real Estate Conference, CEDER, is only three weeks away. The annua  »
Czech Republic  ♦  It‘s Prague 4 vs. The World
Prague 4 appears to have done away with formalities and diplomatic language and made it cl   »
This reflected economic and political reality, as the country is being pulled in differing   »
In Brno, Messe Düsseldorf, the German majority shareholder in Veletrhy Brno, has even hal   »