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UDI Group, which has its roots in the Czech Republic, has been operating on the European development market for 30 years. During this time, it has prepared and built more than 100 development projects, mainly apartments in the regional cities of the Czech Republic, but also offices, logistics and shopping centers.
The group has a great advantage over local competition in that it operates flexibly in various markets both geographically and in terms of focus. As a result, it is capable of covering up possible negative impacts of one segment or in one country elsewhere. This proved very useful during the pandemic.
In the Czech Republic, which is the home market, the group mainly prepares large housing and office projects and operates the Lužiny shopping center, the office part of which it is also based. UDI Group offers assistance to the state and municipalities in dealing with the crisis of affordable housing in the form of the construction of a segmental apartment building on land owned by them under very advantageous conditions.
In the capital of Poland, where the UDI Group is currently building a large housing complex with almost a thousand apartments, the group sees great potential. It is a very transparent and open market with strong competition and conditions very similar to Western Europe. It is therefore looking for other opportunities here with focus mainly on large housing construction projects. Serbia is currently the second largest market after the Czech Republic, where UDI Group is preparing and implementing several housing projects and is also preparing offices and logistics spaces. It is also designing it’s largest project named Duga here with 3000 apartments and almost 80,000 m2 of offices.
Hungary is also a very interesting and stable market, where the company builds offices and apartments and is looking for other opportunities in all segments, including logistics. In addition, the UDI Group is actively looking for other opportunities not only in current markets, but also in other EU countries, and even outside Europe. A great advantage in this regard is the experience of the group's experts from a number of markets, including Western Europe, the United Kingdom and the United States.
A professional civil engineer, he started his career in 1992 in his father's construction company Mera. In 1996 he took over the company as Chief Executive. In 2007 Mera changed its name to UDI (Urban Developers and Investors). Construction portfolio of the company included projects in bigger cities in Czechia, later expanding to its capital Prague. Based on the In the growth and the success of the company, Mr. Mensik decided to take UDI international under the name UDI Group. Consequently, in the last 3 years UDI Group has been focused on the capitals of Central and Southeastern European countries, including Budapest, Warsaw and Belgrade, where residential and office buildings and logistic centers are currently being developed.
Commencement of the construction of the Přehýšov Logistics Center project on D5
Commencement of the construction of the Sázava Logistics Park project on D1.
Commencement of construction of the Classic Ursus project, Warsaw, Poland.
Company expansion to Hungary. Purchase of the building plot in Budapest.
Launched on the stock exchange through START IPO organized by BCPP.
Completion of projects Triangl, Jeremiah and U Starý mlýn, Uhříněves.
International expansion. Founding of subsidiaries in Belgrade, Serbia and Warsaw, Poland
Commencement of construction project Triangl, Jeremiášova and U starý mlýn, Uhříněves
Acquisition of land including older civic amenities at the settlement of Lužiny in Prague 13 Stodůlky. Objects converted into a modern shopping centre with offices and parking entitled OC Lužiny.
Moved focus towards commercial development. Implementation of the project Luka I shopping centre in Prague 13
Name change to Urban Developers and Investors
Milestone achieved with 3,000 dwellings constructed
First development project - two residential houses in Prostějov - Krasice
Control of the company passes from Ladislav Menšík to his son Ing. Radek Menšík
Establishment of the construction company Mera by Mr. Ladislav Menšík