LaSalle Investment Management (LaSalle) has launched the development of 100Yards in the prestigious Na Príkope street in Central Prague.
The project will transform three separate buildings into one mixed-use complex which will feature a landmark new shopping destination and premium office space.
The refurbishment of the complex, originally built in the 19th century, has now begun, and 100Yards is scheduled to open in the second half of 2024. The project is being designed by architects from Studio acht led by Václav Hlavácek, and is being managed by Gleeds.
The construction phase is also marked out by an emphasis on sustainability. Low-emission products are being utilized, while original materials are being re-used to reduce embodied carbon in the life cycle of the building. LaSalle will submit the completed project for sustainability accreditation, aiming for a rating of Leed Gold.
The refurbishment will also focus on the location’s monumental heritage, with the preserved historical classicist façade contributing to the premium character of the property.
Cushman & Wakefield is the exclusive retail leasing agent for the asset, which JLL has been appointed as the exclusive office leasing agent for the project.
Hagen Knaupp, head of asset management, Continental Europe at LaSalle Investment Management: '100Yards will be a new premium retail and office destination in one of the most significant high street destinations in Central and Eastern Europe. A location with millions of annual visitors will provide unparalleled opportunities for the world’s leading brands in the heart of the city. Having one of the longest exposures to Prague’s high-street retail, we have a unique chance to transform the whole area into an appealing location for local communities as well as tourists. The project will also feature some of Prague’s most desirable office space, designed and built according to the latest technical and sustainability standards for the benefit of tenants and their employees.'
