Skanska Reality purchased a site near the Kolbenova metro station in Prague-Hloubětín from Codeco UK. The developer said it plans to rebuild the vast brownfield into a new residential neighborhood with approximately 1,000 flats. Skanska paid CZK 841m for the site, which it wants to name Čtvrť Emila Kolbena (Emil Kolben district) after the entrepreneur who developed Hloubětín’s original industrial district. The area has been zoned for residential use in the master plan, and Skanska plans to launch an architectural contest for the project. Part of the area already has a construction permit, allowing Skanska to break ground on the first phase immediately.
