Investment group DRFG has acquired land near the main railway station in Olomouc (the eastern province of Moravia in the Czech Republic) in March this year and plans to build flats and commercial premises there.
It plans to build a multifunctional residential complex with retail space and offices on this brownfield site with a total market value of CZK 2.6 billion and an area of 43,000 sqm by 2025. The architectural design of the complex is currently being finalised. DRFG Group informed about its new acquisition and construction plans in a press release today.
The multifunctional complex Complex City of the DRFG investment group is expected to include approximately 450 apartments, office space and 12,000sq m of retail space with a market value of over CZK 2.6bn over the next three years. All this is on the territory of a previously unused brownfield site.
“The complex will offer a total of 43,000sq m of space divided into several buildings. It is strategically located not only within the transport infrastructure, but also near major roads and railways,” says Josef Šilhánek, Director of DRFG Real Estate, about the location of the complex.
“The project is also of great importance for the city of Olomouc because it will offer modern office space and housing with excellent transport accessibility in a part of the city that has been neglected for years, where it will be naturally connected to the existing infrastructure and will thus have full-fledged civic amenities,” says Šilhánek on the use of the brownfield site.
