International Property News

New Prague district called Western city seen by 2012

13th June 2008

Finep company initiated yesterday a grand housing project called "Western zone" or "Western city". The new zone will be built in Prague 13.

The costs of the first construction phase are estimated roughly CZK six billion (240 million euro). The area covering fourteen hectares will see residential, commercial and office buildings as well as green parks.

The zone will be dominated by a ten-storey diamond-shaped building surrounded by five-storey H-letter shaped administrative buildings.

"New lively area"

The first part of the Western zone is expected to be completed in 2012.

"Building of three administrative objects is going to kick off a complex transformation of the whole area. One hundred and fifty hectares of undeveloped areas will be replaced by lively residential and administrative quarter for as much as 35 thousand people," said Petr Šimon from Skanska CZ, a company that won the contract for the first phase of the new quarter project.

It will be Siemens company that is to move to the new administrative building as the first dweller.

British quarter

The entire Western city will be constructed in several phases.

In addition to building administrative administrative centers, every year Finep company plans to offer a new residential zone. Altogether, roughly ten thousand flats are expected to emerge.

The first residential area called "British quarter" is to be launched this year.

This zone will have its own central square and a park.

Source: aktualne