Construction of a new district is starting on Prague's Rohan Island

by   CIJ News iDesk III
2021-09-15   09:23

The construction of a new district begins today on Rohan Island in Prague. Developer Sekyra Group plans to build about 3,200 flats, eight office buildings and a primary school on the border of Karlín and Libeň. The total cost is estimated at CZK 18 billion. The construction of the Rohan City district will last for five stages until 2035.

In the first phase of the project, the company will build two apartment buildings with 220 apartments. Together with them, 30,000 sqm of office space will be created in two office buildings. Their appearance was designed by architects Eva Jiřičná and Jakub Cígler. In the next phases, Sekyra Group also plans to build rental apartments on Rohan Island.

The developer wanted to start construction on an area of ​​20 hectares more than ten years ago. However, the beginning of the project was delayed by a property dispute over the ownership of part of the land and lengthy permitting processes. The zoning permit was not obtained until 2019 and the building permit last year.

The total cost of the Rohan City project is estimated by Sekyra Group at 18 billion crowns. According to Anderle, the company expects to cover 25 to 30 percent of costs from its own resources, depending on the valuation of the land.

In addition to the Rohan City project, Sekyra Group is also building a new district of Smíchov City in Prague 5 in the capital. Another investment is the Žižkov City project, where the company plans to build on part of the land of the former freight station. The company is also preparing projects in Čakovice and Opatov.

Source: Hospodářské noviny and CTK