ING Real Estate transformed a former brewery in Prague for billions

Prague - The development company ING Real Estate has completed the reconstruction of the former brewery in Prague's Holešovice into apartments, offices, and stores. The total amount of investment was 2.2 billion crowns. CTK was informed today by the company's media representative Barbora Strnadová.
    In place of the former beer production, there are currently 155 apartments, 12,000 square meters of offices, and 550 square meters of retail space. For example, the former brewery's malt house is now home to the publishing house Ringier. However, the commercial areas of the project no longer belong to ING Real Estate. In January 2007, the developer sold them to the American investment fund Pramerica Financial.
    The author of the completed buildings is the architectural studio CMC architects. The initial concept of the brewery's reconstruction was also contributed to by world-renowned architects Frank O. Gehry, the creator of the Dancing House in Prague on Rašínovo nábřeží, and Jean Nouvel, the author of the Golden Angel building in Prague's Smíchov.
    The first city brewery in Holešovice was built in 1896. The first beer was brewed here by the brewers in 1897. Exactly 100 years later, the then-owner of the brewery ceased its operations.
    ING Real Estate is part of the Dutch financial group ING. Notable projects in the Czech capital include a shopping center in Butovice, an office center in Anděl, or the Dancing House on the waterfront.