14
May 2018

Průmyslová street comes alive with new commercial development

  • Industrial
  • Investment

A brand new commercial complex, providing a combination of retail and industrial areas, is being prepared by the established development company CODECO, a.s. near the railway station Praha - Hostivař. The project, consisting of a pair of buildings, will provide their tenants with flexible spaces within a total area of 10 000 sq m. The construction will replace an existing brownfield, aiming to raise the environment with increased emphasis on greenery.

The traditional Prague industrial area, defined primarily by its central link in the form of Průmyslová street, continues its transformation into a commercial zone of the 21st century. Demand for modern warehouse and retail spaces meeting the modern standards is growing, and developers respond to this trend. The newest addition will be the City Park Hostivař project, which is being prepared by CODECO, a.s in the place of the brownfield complex near the crossing of Průmyslová and U Továren streets.

After its completion in the 4th quarter of 2019, the project will offer tenants high-quality industrial premises with the possibility to combine a showroom or a warehouse with offices. A pair of buildings, each with up to 6 separate units, is designed with an emphasis on flexibility and allows tenants to connect more units to create space to suit their needs. The area's specificity is an increased attention to the surrounding environment, which should be improved by the planting of greenery and its use on the facades of the buildings themselves.

"Thanks to its location, City Park Hostivař will offer tenants an optimal mix of urban transport accessibility as well as a road network connection through the city ring road. It is therefore suitable for a wide range of tenants who are looking for flexible commercial and warehouse space in the desired location of Prague 10," says Matěj Indra, industrial consultant 108 AGENCY, the real estate consultancy company, which was exclusively commissioned to negotiate with prospective tenants.

Importance of the established industrial location of Prague 10 can be underlined by the preparation of multiple other commercial projects in the area, such as the new logistic depot of TopTrans company, which has decided to relocate from existing insufficient premises in Prague 10 – Bohdalec. An extensive project in the locality is also being prepared by one of the leading developers, Panattoni, that has acquired the Kovošrot brownfield. The project, called Panattoni Prague City Park, is set to be profiled as a high-tech industrial area with a planned start of construction in 2019, according to company representatives.

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