Key Coverage:

February 2016

(1) Pražský patriot (Published in February 2016)
Zlaty Lihovar, a.s. has announced that it has updated its original design concept to include significantly more apartments than originally anticipated, in line with present market trends. According to Michael Barnett, the CEO of Zlaty Lihovar, a.s., the Prague residential market has developed significantly since the architect’s brief was originally drafted and the revised “design concept” therefore ensures that the company will be providing what the market is demanding; slightly smaller apartments than originally anticipated (resulting in some 620 flats) with more than 700 parking spaces, and on-site facilities to match requirements.  Read more ...

November 2015

(1) Development News (Published in November 2015)
In October of this year, Zlatý Lihovar, a.s. announced its plans for the redevelopment of its former Zlíchovský lihovar distillery site. The company is currently preparing documentation for the project with a view to building more than 500 residential apartments. Between 1837 and 2000, the distillery produced, amongst other alcoholic drinks and vinegar, the well-known vodka brand Zlatý Anděl. Zlatý lihovar a.s. has owned the site since 1999 but, according to Michael Barnett the CEO of Zlatý Lihovar a.s., it made no sense to commence the new development when the economic crisis was upon us. Michael Barnett, in co-operation with Miroslav Markant, the Development Director of Zlatý Lihovar, a.s., has appointed the Prague/London team of architects GeddesKaňka to work on the project, which is expected to commence late 2017, with completion taking up to 5 or 6 years. Read more ...

(2) Hospodářské Noviny (Published 11 November 2015)
The site of the former distillery in the Prague-Smíchov area has been in a state of decay for many years. Now the representative of the foreign investor has presented his ideas for the site’s revival. The first building to be renewed will be the former distillery building, the historical ‘Varna’. "The ‘Varna’ project is very important to us. It will be the very first thing that we will do on the site. We want to show the public that it is not only an industrial site, but a place for living", says Michael Barnett from the investment company Zlaty lihovar. The reconstruction costs should reach approximately Kc 35 million. The project’s architect, Tomas Kanka, director of GeddesKanka, commented: “The aim is for the building to remain historically valuable“. He adds: “The larger part of the ‘Varna’ building is likely to be used for a restaurant“. The rest of the building might include the project’s presentation and sales point or attic flats, depending on what will be agreed with the authorities. The whole project is divided into three phases with final approximate costs amounting to Kc 1.25 – 1.5 billion. Read more ...

October 2015

(1) Ceskenoviny.cz (news portal of CTK): (Published 7 October 2015)
500 flats will be built on the site of the former distillery in Smíchov with construction works starting in 2017. The construction costs are estimated to reach approximately Kc 1.25 billion. The 2.2 hectare site will include several apartment buildings offering flats from 1+kk to 3+kk and a few larger flats on the top floors with views of the river and Vysehrad. „The original distillery building, the ‘Varna’, which dates back to the beginning of the 19th century, as well as the 50 metre high ‘chimney’, are both protected by heritage and will be reconstructed and naturally included in the design concept”, said Michael Barnett, the representative of the investment company Goldfin Investments. more to read ...

(2) Aktualne.cz (Published 6 October 2015)

(3) PrazskyDenik.cz (Published 6 October 2015)
500 flats will be built on the site of the former distillery in Smíchov with construction works starting in 2017. The construction costs are estimated to reach approximately Kc 1.25 billion. The 2.2 hectare site will include several apartment buildings offering flats from 1+kk to 3+kk and a few larger flats on the top floors with views of the river and Vysehrad. „The original distillery building, the ‘Varna’, which dates back to the beginning of the 19th century, as well as the 50 metre high ‘chimney’, are both protected by heritage and will be reconstructed and naturally included in the design concept”, said Michael Barnett, the representative of the investment company Goldfin Investments. Read more ...

(4) PraguePost.com (Published 6 October 2015)


Enquiries:

Jo Weaver
Managing Director
JWA Prague, s. r. o.
Tel: +420 242 454 740
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +420 242 454 740