Skanska purchased land near the Kolbenova metro station, plans to build here

photo: http://www.architravel.com

Prague - The company Skanska has purchased land near the Kolbenova metro station in Prague's Vysočany from Codeco UK for 841 million crowns. Skanska informed ČTK about this today. They stated that they plan to build an extensive residential area at the site of the old industrial buildings, which will have good access to the city center.

The E15 newspaper previously reported that residential buildings with approximately a thousand apartments are to be constructed on the site. It mentioned that Skanska Reality is proposing the name Emil Kolben Quarter for the residential complex, after the industrialist who laid the foundation for the surrounding factory development. The current zoning plan according to the newspaper allows for construction, with specific designs to be determined by an architectural competition. Skanska Reality has also acquired part of the project, involving about a hundred apartments, along with the building permit. Therefore, it can start building immediately, added the E15 newspaper.

Skanska is one of the largest construction and development companies in the Czech Republic and Slovakia. It primarily focuses on road and railway construction and concrete structures. Its subsidiaries also specialize in the construction of residential and commercial properties mainly in Prague. The residential division of Skanska Reality sold 450 new apartments last year, which is roughly a ten percent decrease year-on-year.

At the beginning of the year, Skanska Reality began selling in the Port Karolína project in Prague 8. Currently, 60 percent of the apartments in the first phase have been sold. The second phase will go on the market in the second quarter of this year.

The number of new apartments sold in Prague last year rose by about seven percent year-on-year to 6,650. The average price increased by 19.5 percent to 71,567 crowns per square meter, according to data from Central Group, Trigema, and Skanska Reality.