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We started the construction of the first transoceanic project SQ72 in the capital of Panama. The project with a unique design by leading Danish architect Morten Schmidt will offer 72 apartments of various layouts. The 15-story building will have a lobby with 24-hour service, two high-speed elevators, an emergency power source, smart technologies. Of course, there is a rooftop pool and a gym, but also coworking, or perhaps a children's corner, a social room or a private cinema. Currently, 17 percent of the apartments in the offer have already been sold.
Construction of the Hungarian Parkside project will begin right after the new year. The project for 112 million euros will offer 324 apartments and 152 hotel rooms in the Staybrigde Suites concept of the multinational chain IHG. This is the first UDI Group building on the Hungarian market, and after the Czech Republic, Poland, Serbia and Panama, Hungary is the fifth country where the group has projects under construction. We will build on a plot of land in a prestigious neighborhood near the famous Vaci Street.
We are starting the construction of the Zvezdano Brdo project in the capital of Serbia. A total of 341 apartments of a higher standard, 443 underground parking spaces and a number of retail units on the ground floor of the building will be created in Old Belgrade. In total, the group plans to invest 57 million euros in the project. In Serbia this year, UDI Group completed the first phase of its Lastavice project in another part of Belgrade. Construction of the Lastavice project will continue next year.
UDI Group has launched the sale of its next residential project in Latin America. After Panama, the possibility to invest in housing from Europe has also opened up in neighboring Costa Rica. It is known as the best destination in the world for spending your retirement. The group would like to build at the beginning of next year. The building will offer 136 apartments and a number of amenities such as a rooftop pool with a bar, hot tub and sun terrace, facilities for pets, a barbecue area, a cinema and other amenities for apartment owners.
UDI Group completed the first apartment building in Belgrade, Serbia. The eastern part of the Lastavice project will offer 269 apartments for more than 45 million euros, into which the new owners will start moving in the summer. The group will continue construction this year. In total, the project, which consists of two apartment buildings, has 480 apartments and will cost 91 million euros.
UDI Group will build a new shopping center in Líbeznice near Prague. Its main tenant will be the Billa supermarket. The developer is now negotiating with other tenants of the other six units. The group agreed on the form of the center with the village management. After incorporating the town architect's comments, the group sent the project proposal for approval according to the old building law. They believe that construction could begin next year.
UDI Group will build a Staybrigde Suites hotel for medium and long-term accommodation in Budapest, Hungary. It will operate under the brand name of the global hotel chain IHG, and its operator will be the Mogotel hotel group from the Baltics, which operates dozens of hotels across Europe. The hotel will offer 152 rooms and will be part of the Parkside project in the area of the prestigious Vaci street near the Danube. The developer signed a lease agreement with the hotel operator for 25 years.
The rough construction of the next stage of the Classic Ursus project in Warsaw, Poland, is completed. Work is now continuing on two more buildings with a total of 272 apartments. This phase will also include the reconstruction of the historic entrance hall to the original Ursus factory, where a restaurant and offices could be built.
To make it easier for our clients to choose their future housing and furnishings, we have prepared a sample apartment for them. To find out more visit the project's web page.
We have started the construction of the next stage of the project. The stage will contain 272 apartments in two apartment buildings with the corresponding number of parking spaces. The revitalization of the adjacent park will also be part of the completion of the stage.
We have decided to establish the UDI Group Foundation, the aim of which is to help the needy, especially disadvantaged people especialy children from orphanages, We would like to motivate them in their further development through our activities.
We have received a building permit for its LaViza office project in the center of Budapest. The group wants to invest a total of 100 million euros in the project, which received pre-certification by the environmental system BREEAM at the Excellent level and will be certified WELL Gold in terms of the quality of the indoor environment.
We are expanding our activities overseas. After a recent first acquisition in Costa Rica, we have now also bought land in the capital of neighboring Panama. About 30 million Euros we will invest in two high-rise residential projects in Panama City.
This is the most distant overseas investment of Czech development: originating from the Czech developer UDI Group, which plans to build apartment buildings in several Latin American countries. In total, UDI Group wants to invest 125 million euros in Panama, Costa Rica or Colombia in the next four years.
UDI Group obtained location conditions for the project Lastavice, the value of which is more than 1.6 billion crowns. The project is located in the Serbian capital Belgrade, in Yuri Gagarin Boulevard, municipality New Belgrade. The two buildings will include over 500 flats.
The Czech logistics operator WEDO is investing in the major modernization and expansion of its transport network through a new central transshipment depot and regional depot, which is now being built at the 34th D1 exit near Ostředek.
We received location conditions for the industrial park in Šimanovci, which is located on the A3 highway, 10 km from Belgrade in the direction of Zagreb. Our team is currently preparing project documentation for a building permit.
On December 30th, 2020, the Classic Ursus project received a building permit. The construction can begin!
Marcela Fialková
P: +420 724 090 754
E: fialkova@urban-developers.com
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