Passerinvest plans to invest CZK 35 billion in this decade

Passerinvest plans to invest CZK 35 billion in this decade

Passerinvest Group (Passerinvest), which celebrated 30 years since its establishment in December of last year, is behind the urban transformation of the Prague locality Brumlovka in Prague 4, which is one of the largest projects of its kind in Central Europe. During this period, Passerinvest’s investment activity has enriched the state coffers by CZK 71 billion. In the last 16 years, it has also been involved in the preparation of the appropriate urban development of Prague - Roztyly. The company plans to invest an additional CZK 35 billion in both locations in this decade. The outlook includes commercial and residential projects, the expansion of civic amenities and publicly-accessible spaces for the general public.

Brumlovka – from brownfield to urban neighbourhood

Passerinvest started building the first office buildings on the site of a neglected and inaccessible brownfield in Prague - Michle a quarter of a century ago. Over time, this uninviting place became a distinctive modern urban neighbourhood, thanks to a grand urban plan on which the investor has long cooperated with the studio AFA. It now provides jobs for up to 15 thousand people in its 12 office buildings, housing in three residential projects, a high school, elementary school and preschool, a social centre and the multifunctional Brumlovka building with a unique wellness and fitness club. There have been countless retail units, new public spaces, parks, playgrounds and sports facilities created here in connection with the construction. The construction of new modern tennis courts will begin in the coming months, and the construction of two multifunctional projects, Hila and Orion, is also planned, where the office function will be combined with rental housing. Due to the overall development of the site, the name BB Centrum office complex has become obsolete and the local designation of Brumlovka has returned.

Another urban project aims at the long-term development of Prague - Roztyly

Passerinvest is also coming with the development of another locality on a brownfield in Prague - Roztyly. On the site of a former slaughterhouse complex, it is successfully completing, since 2007, a partial change of the zoning plan and the related permit. In this location, it is planning to create quality conditions for living and working over several phases. As part of the first phase, the office building Roztyly Plaza is already going up directly by the Roztyly metro station. This architecturally exceptional and inspirational building will already welcome its future tenants at the beginning of 2024. This will be followed by the Sequoia office building, which will create the necessary barrier to protect the entire site from the noise from the south ring road and the Magistrála. Residential construction is planned for the third phase, which will offer 600 flats for sale and for rent and a preschool with a club room in a pleasant environment near the Krč Forest. Here, too, the further development of the parks, playgrounds, sports facilities and cultivation of greenery is envisaged.

Full press release is available here.

Marketing Team, Passerinvest Group, a.s.