Re.Start Petynka Moves Into Construction Phase with Nearly Half of Units Sold

by   CIJ News iDesk III
2025-10-01   14:36
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Geosan Development has begun construction on its largest residential project to date, Re.Start Petynka, in Prague 6. The development will bring 283 apartments to a site that has long remained unused near the Petynka swimming pool. The project is scheduled for completion in the third quarter of 2028, and around 45 percent of the apartments have already been sold.

According to Eliška Koderová, sales director at Geosan Development, early demand has come from both Slovak investors and future residents planning to live in the complex permanently. She noted a recent shift in buyer preferences toward larger and more comfortable layouts, though smaller units continue to appeal to investors. Planned later phases of the project will include premium apartments on the upper floors, such as duplexes and penthouses.

The development is designed to cater to a broad mix of buyers. Smaller 1+kk and 2+kk units are aimed at singles or young couples, as well as investors seeking rental opportunities. Larger family-sized apartments, maisonettes, and penthouses are being positioned for those seeking more space and amenities. Each unit will feature triple-glazed windows, underfloor heating, security doors, and high-quality flooring, with upper-floor apartments additionally fitted with air conditioning.

Beyond residential offerings, the ground floor will include commercial units to serve both residents and the wider neighborhood. Plans include a supermarket, smaller retail shops, and services, with the intention of integrating the development into the daily life of the surrounding community.

The site is located at the border of Břevnov and Střešovice, one of Prague 6’s most desirable areas. It combines a quiet residential environment with proximity to the city center. Nearby amenities include the Petynka swimming pool, Kajetánka and Maxe van der Stoel parks, and the gardens of the Břevnov Monastery. The district also offers a range of schools, health services, cultural venues such as the Dlabačov cinema, and shops and cafés along Bělohorská Street. Public transport links are within walking distance, and Václav Havel Airport can be reached by car in about 20 minutes.

Geosan Development has been active in the Czech residential real estate market for more than 25 years. Since its founding in 1998, the company has delivered nearly 2,350 apartments across 22 buildings. Current projects include Rezidence Radimova in Břevnov, Re.Start Petynka in Prague 6, and Benkova Rezidence in Prague’s Chodov district. The developer is also preparing projects comprising more than 1,500 new apartments in central Prague locations, alongside regional developments such as a 160-plot residential site in Choťánky near Poděbrady. In addition to its residential portfolio, Geosan entered the office property market in 2018 with the acquisition of the Nagano Park complex in Prague 3.

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