Over a thousand new apartments are to be built on a former industrial site in the Prague district of Vysočany, E15 reported on Monday. Factory halls of the collapsed firm ČKD DIZ are to be demolished to make way for the construction project, which is the biggest yet from billionaire developer Milan Šrejber and his Pankrác development company, the newspaper said.
A representative of the firm said the flats would be built in five or six stages. The apartment complex, named Vivus Kolbenova, will cost over CZK 3 billion.
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