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Prague Port construction to speed up? Polish-Slovak developer alliance

22 of July '22

Construction of a new neighborhood in Warsaw's Praga Port has been underway for about a decade. So far, several quarters of residential development have been completed. The biggest premise, however, is an office complex with four skyscrapers. Their construction may be accelerating thanks to the cooperation of developers.

The Praga Port, located on the right bank of the Vistula River, has recently seen increased construction work. They go beyond the erection of successive residential projects designed by, among others, APA Wojciechowski and Maciej Kurylowicz's studio. A new flood control sluice and a rebuilt Wybrzeże Helskie Street have recently been put into operation. A pedestrian and bicycle bridge is also under construction next door, which will connect the neighborhood to Powiśle.

However, the residential part is only a fragment of the multifunctional complex planned for the former port area, which will reach the National Stadium subway station. The highest buildings, including four skyscrapers, are to be built in the vicinity of the station . Along the docks of the port, lower residential and mixed-use buildings are planned, and a conference center is planned adjacent to the Vistula River.

Port Praski

photo source - Port of Prague

The main investor in the entire development is Cyfrowy Polsat and its subsidiaries. On July 22, they signed documents with HB Reavis Holding to operate the joint venture under a joint venture agreement. HB Reavis is the Slovak developer responsible for Warsaw's Forest skyscrapers or the European Union's tallest Varso complex, among others. The Slovak investor is also expected to buy back 50% each of the shares in Port Praski City II and Port Praski Medical Center. The total price for the sale of the shares will be about EUR 24.3 million. According to the companies' announcements, they will jointly develop office buildings with a retail section. However, construction will not begin soon - the investors do not yet have building permits.

Kładka w Warszawie

The footbridge will connect the Praga Port with the city center

Photo: UM St. Warsaw

Kacper Kępiński

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