Developers planning to create new district on Prague’s Rohanský ostrov

Developers are planning to create a new district on the Prague island of Rohanský ostrov in the next 15 years. The director of the Sekyra Group told the Czech News Agency it plans to invest up to CZK 15 billion into the project on the borders of the city’s Karlín and Libeň districts. The firm expects to buy the site, measuring around 200,000 square metres, from the city for around CZK 1.7 billion before beginning construction in 2016. The island has been largely neglected since being submersed during flooding in 2002.

Author: Ian Willoughby