Skanska Commits CZK 2.2 Billion to Fourth Phase of Emil Kolben District in Prague
Skanska will allocate CZK 2.2 billion (around SEK 1 billion) to develop the fourth phase of the Emil Kolben District residential project in the Czech capital, Prague. The new project includes 272 low-energy apartments and 5 commercial units and can be considered one of the biggest projects of Skanska in the city.
Skanska signed a contract for construction valued at CZK 1.3 billion (about SEK 590 million) for this phase, the sum of money to be captured in Skanska's European order.
The project has already recorded pre-sales of more than 30% for the latest phase. Björn Mattsson, Business Unit President of Skanska Residential Development Europe, said the development was well positioned in the market, supported by its customer offering. Once all phases are completed, Emil Kolben District will provide more than 1,000 homes.
Emil Kolben District's Development Plans
This residential project is named after Emil Kolben, a well-known Czech industrialist from the 20th century. The entire project consists of five phases, which include 1,069 flats spread across an area of 51,000 square metres.
The architectural solutions are based on the inspiration drawn from the industrial past of the site. The fourth phase of the project will also offer new public areas with an emphasis on recreation and biodiversity. These spaces have been planned in collaboration with representatives of the local district and a landscape architect.
Energy efficiency and reduced environmental impact are central to the development's residential concept. The buildings incorporate sustainable technologies, certified materials and measures for efficient drinking water management. Their design also prioritises accessibility to Prague's city centre, with the aim of reducing dependence on private car travel.
The buildings in the new phase are designed to meet the requirements for BREEAM sustainability certification at the Very Good level.
Construction of the fourth phase is scheduled to begin in November 2026, with completion expected in spring 2029. The development will add to Skanska's residential portfolio in the Czech capital while progressing the wider Emil Kolben District master development.
