Villas by Meier or Jiřičná will start to grow beyond Prague next year
Prague - The London investment fund Kew Capital is preparing to build a new town with 220 luxury houses and apartments in Popovičky, southeast of Prague. Some villas have been designed by world-renowned architects Richard Meier and Eva Jiřičná. The first buildings of the project named Oaks Prague are set to begin construction in early 2016, said Veronika Ciková, media representative of the Prague development company Arendon, to ČTK today. The company presented the project for the wealthiest clients, with estimated costs of 400 million euros (10.84 billion crowns), this week at the Expo Real commercial real estate fair in Munich.
"Oaks Prague is designed for a demanding clientele that appreciates quality architecture and seeks a background for a peaceful family life. However, the main purpose of Oaks Prague is not only quality architecture but also quality living. The entire project is carefully planned to ensure that the layout of the houses provides residents with all comforts and that all necessary civic amenities are available, thus creating a vibrant and functional community," said Ciková, adding that the planning was preceded by a study of traditional Czech countryside, on the basis of which the urban concept was developed.
The designs for residential houses, ranging from standalone villas to smaller apartment buildings, were prepared by a total of 19 architects or studios, including Richard Meier and Eva Jiřičná. The creative team of architects partially emerged from an international competition organized by Malcolm Reading Associates, while other architectural firms were approached directly by the investor. Many Czech and foreign, predominantly British, architectural studios are involved in the project.
In addition to the 220 houses or apartments, the new town near Říčany will include, for example, a kindergarten, post office, bakery, farmers' food store, and restaurant. The investor also plans to build a golf course, tennis courts, and a spa. The developer will not disclose the prices of the future villas and apartments, as they will be subject to individual negotiations with clients, but they will certainly be significantly above average.
The company plans to start the first works at the beginning of next year, with the first residents expected to move into Oaks Prague in the spring of 2018. The completion of the entire project is anticipated in 2020.
The project is overseen by the Prague development company Arendon. The main investor is the private London investment fund Kew Capital, which manages private investment capital in the billions of dollars.
"Oaks Prague is designed for a demanding clientele that appreciates quality architecture and seeks a background for a peaceful family life. However, the main purpose of Oaks Prague is not only quality architecture but also quality living. The entire project is carefully planned to ensure that the layout of the houses provides residents with all comforts and that all necessary civic amenities are available, thus creating a vibrant and functional community," said Ciková, adding that the planning was preceded by a study of traditional Czech countryside, on the basis of which the urban concept was developed.
The designs for residential houses, ranging from standalone villas to smaller apartment buildings, were prepared by a total of 19 architects or studios, including Richard Meier and Eva Jiřičná. The creative team of architects partially emerged from an international competition organized by Malcolm Reading Associates, while other architectural firms were approached directly by the investor. Many Czech and foreign, predominantly British, architectural studios are involved in the project.
In addition to the 220 houses or apartments, the new town near Říčany will include, for example, a kindergarten, post office, bakery, farmers' food store, and restaurant. The investor also plans to build a golf course, tennis courts, and a spa. The developer will not disclose the prices of the future villas and apartments, as they will be subject to individual negotiations with clients, but they will certainly be significantly above average.
The company plans to start the first works at the beginning of next year, with the first residents expected to move into Oaks Prague in the spring of 2018. The completion of the entire project is anticipated in 2020.
The project is overseen by the Prague development company Arendon. The main investor is the private London investment fund Kew Capital, which manages private investment capital in the billions of dollars.
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