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BUBNY

Prague, Czech Republic | Plot: 25 hectares, GEFA: 618 650 sqm, NSFA: 498 000 sqm
The former railway station Bubny, in the centre of Prague, will be developed into an urban mix project.

The plot of size the former railway station Bubny, of 27 ha, is located in Prague 7 in the center of the city between two metro exits Vltavská and Nádraží Holešovice. It was acquired in 2006 at a time construction was limited to less than 300 000m2. Orco has undertaken a very ambitious change of zoning for allowing a developmentof more than 600 000 m2 to be spread over 15years. The first phase of this “city within the city” is the development of a mega size shopping centre, for which a JV with Unibail Rodamco, the nr 1 European player, has been concluded. The project will continue with offices buildings, apartments, a hotel and possibly an hospital and a university building.

The construction of the first buildings is due to start in 2016. Some plots on the edge of the area have been sold to finance the core development.

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