Skanska launches final construction phase of Albatros Kbely project delivering 178 energy efficient apartments in Prague

Skanska launches final construction phase of Albatros Kbely project delivering 178 energy efficient apartments in Prague

(IN BRIEF) Skanska is investing CZK 917 million, approximately SEK 400 million, in the final phase of the Albatros Kbely residential development in Prague, Czech Republic. The last stage will deliver 178 low-energy apartments and complete a five-phase project that will ultimately include around 688 homes. The new neighborhood is designed to combine residential housing with extensive green areas and community amenities, including more than 15,000 square meters of parks and public space, a supermarket, a kindergarten, and recreational facilities for residents. The project emphasizes sustainable living through energy- and water-efficient solutions and the use of prefabricated bathroom units to improve construction efficiency. Designed in line with BREEAM sustainability standards, the development reflects Skanska’s focus on environmentally responsible urban construction. Building work on the final phase will begin in March 2026, with completion expected in early 2028.

(PRESS RELEASE) STOCKHOLM, 9-Mar-2026 — /EuropaWire/ — Skanska has announced an investment of CZK 917 million, equivalent to approximately SEK 400 million, in the final phase of the Albatros Kbely residential development in Prague, Czech Republic. The last stage of the project will deliver 178 low-energy apartments and complete the creation of a new urban district designed with extensive green areas and community services.

The Albatros Kbely development is being constructed in five phases and will ultimately comprise around 688 residential units. With the launch of the final phase, the project will reach completion, forming a fully developed neighborhood with housing, public spaces, and local amenities integrated into the surrounding area.

A key feature of the development is the focus on green and accessible urban spaces. The district will include more than 15,000 square meters of landscaped areas and parks, designed to provide residents with opportunities for outdoor recreation and relaxation. Alongside the residential buildings, the neighborhood will include a supermarket, a kindergarten, and a variety of play areas and leisure facilities intended to serve residents of different age groups.

The project has been designed with an emphasis on sustainable and resource-efficient living. The apartments incorporate energy-efficient and water-saving solutions aimed at reducing environmental impact while maintaining comfortable living standards for residents.

In addition, the construction approach includes the use of prefabricated bathroom units in most apartments, helping streamline the building process and improve construction efficiency.

The development is being designed in accordance with BREEAM certification standards, reflecting Skanska’s focus on sustainable construction practices and environmentally responsible urban development.

Construction of the final phase is scheduled to begin in March 2026, with completion expected in early 2028. Once finished, Albatros Kbely will represent a new residential district in Prague combining housing, green infrastructure, and community amenities within a single integrated development.

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

Skanska Group uses knowledge and foresight to shape the way people live, work, and connect. As one of the world’s largest construction and project development companies, our 2025 revenue totaled SEK 179 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our approximately 25,900 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

Media Contacts:

Iva Stejskalová, Brand and Communication Manager, Skanska Residential
Development Europe, tel +420 736 421 408
Andreas Joons, Press Officer, Skanska AB, tel +46 76 870 75 51
Direct line for media, tel +46 (0)10 448 88 99

SOURCE: Skanska