Skanska Invests CZK 1 Billion in Eco-Friendly Residential Project in Prague

Skanska Invests CZK 1 Billion in Eco-Friendly Residential Project in Prague

(IN BRIEF) Skanska is committing CZK 1 billion (approximately SEK 480 million) to fund the second phase of the Modransky cukrovar residential development project in Prague, Czech Republic. This phase will encompass 126 apartments and six commercial units, and it emphasizes low-impact living principles, including energy-efficient buildings, the use of recycled materials, and extensive blue, green, and grey infrastructure. The project’s goal is to attain an Excellent BREEAM rating. Notable features of the development include a central square, a pedestrian zone, a recreational linear park, and a rejuvenated section of the Vltava river embankment. Artistic installations created by Czech sculptors as part of the Art.Cukrovar open competition will adorn the park. Overall, the Modransky cukrovar project consists of over 800 housing units delivered in six phases. Construction of the second phase is set to commence in December 2023, with a targeted completion date by the end of 2025.

(PRESS RELEASE) STOCKHOLM, 27-Dec-2023 — /EuropaWire/ — Skanska invests CZK 1 billion, about SEK 480M in the second phase of the residential development project Modransky cukrovar in Prague, Czech Republic. This phase will offer 126 apartments and 6 commercial units.

The concept of low-impact living is interwoven throughout the project, from high energy efficiency of buildings to the use of recycled materials and extensive blue, green and grey infrastructure. Modransky cukrovar aspires to achieve a BREEAM rating, level Excellent.

The dominant features in the project will be a new central square and a pedestrian zone, a linear park for recreation and a revitalized part of the Vltava river embankment. Artistic installations from the work of Czech sculptors resulting from the Art. Cukrovar open competition will be placed in the park.

Comprising of more than 800 housing units in total, the project is delivered in six phases. The construction of the second phase starts in December 2023, and it is scheduled for completion at the end of 2025.

This and previous releases can also be found at www.skanska.com.

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Media Contacts:

Renata Vildomcova
Communications Director
Skanska Residential Development
Czech Republic
tel. +420 739 501 655

Jacob Birkeland
Head of Media Relations and Public Affairs
tel +46 76 899 7269

Direct line for media
tel +46 (0)10 448 88 99

SOURCE: Skanska Group