Orco wants to invite Libeskind to Holešovice

Prague - The development company Orco Property Group wishes to build an area around the Bubny railway station in Prague's Holešovice within ten to 15 years, featuring apartments, a shopping center, modern offices, sports facilities, and recreational areas. The total investment is estimated at approximately 20 billion crowns. The company announced this in a press release today. However, it will depend on whether they obtain a 27-hectare plot from the Railway Infrastructure Administration in the tender.
"Orco seriously evaluated this area and subsequently submitted a bid that is a multiple of the starting price and guaranteed it with a bank guarantee," said the company’s vice president Aleš Vobruba. The minimum price requested by the Railway Infrastructure Administration is 520 million crowns.
However, the Railway Infrastructure Administration declined to disclose how many bids they received or any further details about the tender. According to Euro OnLine, five candidates are participating in the competition, one of which is the J&T group. The Administration may reportedly obtain more than one billion crowns.
Orco plans to collaborate on the construction with leading Czech and world-renowned architects, such as Daniel Libeskind or Coopers Robertson.
The winner of the tender for the purchase of one of the largest undeveloped areas near the city center is expected to be announced in about a month.