Fully-fledged renovation of an apartment house including addition of one floor in currently striving city of Ostrava in terms of real estate market dynamics. Apartment house is directly facing future tallest sky-rise in Central Europe and a landmark shopping center in Forum Karolina Ostrava.
We expect continued ongoing growth of the Ostrava residential real estate prices (stronger than in other Czech locations due to very low base). Value creation activities in the project include attic conversion for apartmens, elimination of legal defects and in-house management of development process.
Location: Ostrava, city center
Architect: Mika Svoboda Architekti
Planned completion: 2023
Gross development value: 3 mn EUR
Result: 18 flats and 2 commercial units