Skanska Invests in Modransky Cukrovar Residential Project in Prague

Strategic Insights -

Skanska is investing CZK 1.2 billion, approximately SEK 540 million, in the third phase of Modransky cukrovar, a residential project in Prague, Czech Republic. This phase will feature 132 low-energy apartments across four buildings, emphasizing the concept of low-impact living. The project aims to achieve a BREEAM rating of Excellent and includes innovative features such as a 3,700 square meter square and art installations by Czech sculptors.

Key Takeaways:

  • Skanska is investing CZK 1.2 billion, approximately SEK 540 million, in the third phase of Modransky cukrovar.
  • The construction contract is worth CZK 898 million, approximately SEK 400 million, which will be included in the order bookings for Europe for the third quarter of 2025.
  • The third phase will feature 132 low-energy apartments spread across four buildings.
  • The project aims to achieve a BREEAM rating of Excellent.
  • The dominant feature of the project will be a new spacious 3,700 square meter large square, which will become the center of the residential area.
  • The third phase also includes a relaxation zone, an open-air pavilion, and art installations made by Czech sculptors selected through the Art. Cukrovar open competition.
  • The construction of the third phase starts in August 2025 and is scheduled for completion in 2028.
  • The project comprises approximately 800 housing units in total, delivered in six phases.

Statistics:

  • CZK 1.2 billion, approximately SEK 540 million, invested by Skanska in the third phase of Modransky cukrovar.
  • CZK 898 million, approximately SEK 400 million, construction contract value for the third phase.
  • Total housing units in the project: approximately 800 housing units in six phases.
  • Completion date for the third phase: 2028.
  • Third phase construction start date: August 2025.

Sources:

  • Global Data Point. "Skanska Invests in Modransky Cukrovar Residential Project in Prague." 2022.