The consortium of developers wants to build mainly offices and shops on the land, use part of it for flats as well. According to press releases, the VŠCHT wants to use the funds obtained from the sale of part of its land for the construction of a new university building with teaching spaces and a dignified background for students and academies.

The developers plan to announce the international competition within one year, and the projects are expected to be completed by 2028. The zoning plan of Prague has been planned for a long time, as well as the winning design of the architectural competition for the urban and transport solution of Vítězné náměstí, which was organized in 2018 by the Institute of Planning and Development of the Capital City of Prague. m of Prague, respects Engel's intention.

According to press releases, the VŠCHT wants to use the funds obtained from the sale of part of its land for the construction of a new university building with teaching spaces and a dignified background for students and academies. A school that has long struggled with a lack of space will be able to supplement the missing laboratory, which is essential for international scientific cooperation.

"Part of the long-term vision and mission of the VŠCHT is to support talented students and train top experts to help our society solve today's major problems, such as drought, new energy sources or food and drug safety. The new university building is a prerequisite for this role. to continue in the future, “added the Rector of the VŠCHT Prague Pavel Matějka.

Penta is already building Victoria Palace

The Penta investment group obtained a valid building permit at the end of August and began building a luxury housing project on the site called Victoria Palace.

Although Penta plans to complete the construction of Victoria Palace by the end of 2023, the individual apartments have already started to be offered for sale. Less than a hundred of them will be built in the nine-storey building. The future owner will pay higher millions of crowns for four penthouses on the last two floors. Their size will range from 130 to 202 square meters and will include roughly equally large terraces.

"We have a number of residential projects under construction with apartments of higher standards, which are of the greatest interest on the market. But Victoria is a different story. This is Trafalgar Square in London, a place that does not fall asleep. Exceptional living in Prague, and the price corresponds to that, ”says David Musil, Penta Real Estate's director for residential construction.

There is a long debate about what's on the plot on Victory Square next to the summer. Originally, the PPF group wanted to build its project on the site, which was recently supported by the recently deceased Petr Kellner. In 2008, the Group established the company Vítězné náměstí through its real estate market PPF Real Estate. Two years later, she presented a design for the Line administrative project by architect Radan Hubička. However, after the vicissitudes, he encountered resistance from the public and also from the town hall. In 2016, Vítězné náměstí became the joint venture of the Penta Group and the Kaprain Group.

Vítězné náměstí, Prague, DejviceAuthor: IPR archive

The Victory Square will undergo an extensive transformation in the coming years. On November 6, the representatives of Prague created a concept created by the Pavel Hnilička Architekti studio. The main modification will be to free up the center of the square, which today is used exclusively by car and tram. A new space for pedestrians and events will be created there. According to preliminary estimates, the reconstruction could cost up to 500 million crowns.