Ideastav buys land for new Prague 5 residential scheme

Ideastav buys land for new Prague 5 residential scheme

Published at: 2018-12-12 08:20 | Author: CIJEurope.com
The developer Ideastav has acquired land from Premium Imobilien in Prague's 5th district it will use for the construction of a luxury residential project. JLL brokered the deal, which will result in the creation of 28 new apartments with 42 parking places. The units will be completed to a high standard and be built into a cascade structure that's placed into a natural slope allowing for unobstructed views of the surrroundings and the use of large windows. Work is due for completion on the project in June 2020. "The successful realization of the sale of land went through a multi-round tender," said Pavol Bak, head of the Small & Medium Investment division of JLL. "Thanks to this we were able to filter the best offers for the seller but also the client capable of completion the entire transaction quickly and smoothly."

Similar Stories:

Housing prices in Hungary’s Balaton average €3,200 per sqm
Housing prices in Hungary’s Balaton region are on the rise. Apartments along Lake Balato  »
ADO Properties S.A.’s operational improvements cap off a strong 2018
ADO Properties, a Berlin residential specialist, strengthened its market position during i  »
With German housing prices on the rise across the country, more and more potential homebuy  »
Czech mortgage rates stabilize at 3%
The upwards spiral of mortgage rates halted in February at least momentarily, with the ave  »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »
Czech Republic  ♦  Round Hill plots European growth
The buildings are located in Helsinki and in regional towns near the south of the country.   »
The 340 apartments, built in a total of nine buildings, have long since sold out as Slovak   »
Emotions are running high on the Romanian residential market where demand is outstripping   »