HOCHTIEF Development Czech Republic

HOCHTIEF Development Czech Republic (formerly HTP ČR) is part of HOCHTIEF Projektentwicklung and has been operating in the Czech Republic since 1997. HOCHTIEF Development Czech Republic commenced the development of its first office project during the second year of its existence. In 2000, Hadovka Office Park in Prague 6 became the company’s first completed project. Technopark Pekarska in Prague 5 and Kavci Hory Office Park in Prague 4 followed. The most recently completed project is the Trianon building on Budejovicka Square in Prague 4. In line with the company’s strategy, all of the projects have been sold to final investors in the early stages of their realization or even before the start of construction. While the first three office buildings were bought by Europolis, the investor of the Trianon building is Union Investment (formerly DIFA). HOCHTIEF Development Czech Republic is currently working on the development of several ambitious commercial and residential projects. The planned Administrative Centre Letnany is to be completed within five years and will offer approximately 68,000 m2 of office space and over 150 rooms in the hotel situated within the complex. The upcoming Kavci Hory residential project will provide over 330 units. The first phase is planned to be completed at the beginning of 2012 and the project will bring over 170 new apartments to the market.