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Next Palmovkas under construction

Eurobuild CEE 27 December 2017

CZECH REPUBLIC Metrostav Development has completed the shell of its flagship office project - Palmovka Open Park in Prague. The heart of the complex, which is being developed near the Palmovka station of the underground, is a revitalized production hall of the Horák a Hlava factory.

The name of the complex alludes to the Palmovka Park 1 and Palmovka Park 2 projects which were built nearby and are fully leased. Palmovka Open Park will offer a leasable area of over 25,200 sqm. “We have already leased nearly 10,000 sqm i.e. app. 42 pct of the planned area of the complex on the basis of leases and preleases. Our tenants include: Lagardere Trevel Retail and Euler Hermes,” says Petr Štyler, development director at Metrostav Development. The complex will consist of the Palmovka Open Park 3 and Palmovka Open Park 4 office buildings as well as the historical factory hall under the name of Palmovka Open Park O, which is to be revitalized. “Apart from office open space the building will also include a canteen offering app. 200 seats,” announces Jana Hüttelová, who is responsible for the lease of retail space. Tenants will be able to use green terraces on the roofs offering a view of the Prague Castle. The design of Palmovka Open Park was created in the Aulík Fišer Architekti studio and its general contractor is Metrostav. The first few tenants are to move into Palmovka Open Park in mid-2018.

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