The first development project in the field of residential housing under the DRFG investment group has reached its final stage. The Spojovací Residence has been approved and the first units are being handed over to the new owners. The building, which was built in Prague’s Vysočany district, was launched in 2021. The building has five floors with forty residential units. They correspond to current trends and market requirements and are in layouts from 1 + kk to 3 + kk with terraces, balconies, cellars and parking spaces. There are also commercial spaces on the ground floor. Development for the group was provided by DMG Stav, a.s.
“The decision to expand our development activities into residential real estate, which we made several years ago, was a logical and correct step. We have thus complemented the already existing commercial real estate and logistics segment. The Spojovací Residence was our first project and I am glad that we managed to successfully complete and approve it,” says Josef Šilhánek, Director for Strategy and Acquisitions at Real Estate.
“Prague Vysočany is a fast growing and developing district with excellent accessibility. The demand for housing is high. We have been able to sell apartments successfully in times of stagnation, but also because we have followed the path of a project that will meet the market requirements. We have also set the right standards for the project in this location,” adds Josef Šilhánek about the residence.
In addition to Rezidence Spojovací, DRFG Investment Group is currently working on four other residential projects in the Czech Republic and Slovakia. Between the regional towns of Pardubice and Hradec Králové, in the award-winning village of Dříteč, it is building 18 family houses as part of the Green Resort Kunětická Hora project. In the first half of this year, it will be completing the Green Mladá Boleslav apartments, including small apartments, larger apartments for families with children and luxury apartments. Last year, the group started design work on three large mixed-use projects, namely Smetanka Park in Olomouc, one of the tallest buildings in Bratislava, Ister Tower, and the residential complex Tři Dvory near Brno. It currently has residential projects with more than 1,200 apartments with a total market value of almost CZK 10 billion under construction and in preparation.
DRFG Investment Group was established in Brno in 2011. As a strategic investor, it has long been involved in real estate, telecommunications and financial services. Through its investment activities, it operates in several European markets. DRFG manages over CZK 25 billion worth of real estate and development projects in the Czech Republic, Poland and Slovakia. It is active in telecommunications in five European countries. The Group has more than 1,000 employees and associates. DRFG is the founder and asset manager of real estate investment funds under the CZECH FUND brand.
Source: DRFG Investment Group and CTK
Photo: DRFG Investment Group
