The City of Prague presented its vision for the future of the metropolis, discussed the upcoming projects, and current challenges facing urban development at the Munich real estate fair
Amongst the nearly 1900 exhibitors from 36 countries, the City of Prague made its mark – joining forces with other partners, the City was part of a pavilion called the Czech Cities & Regions in Hall A2 of the trade fair. The booth was designed by the Czech architecture and urban design studio CHYBIK + KRISTOF. Teaming up with other partners of the Czech Republic proved to be a superb move – the Czech pavilion enticed a plethora of potential investors and sparked a fruitful discussions.
The Czech pavilion provided a platform for the City of Prague, the City of Ostrava, Moravian-Silesian Region, and the Czech business and development agency CzechInvest, where the investors could ask questions to the representatives, discuss business, investments or any other future cooperation. Those inquiries regarding the Prague urban development were then answered by the team of the Deputy Mayor of the City of Prague, Petr Hlaváček. Besides the widely discussed transportation infrastructure projects of a new metro line and extensions of the tram lines, the City of Prague has been working on unblocking construction at multiple brownfield sites in the city. These sites provide an opportunity to develop real estate in between the currently existing structures – creating attractive investment opportunities. The Deputy Mayor emphasized the precious role of the city – identifying the potential investment, development, and construction opportunities whilst setting high-quality standards.
During the three-day fair, the pavilion hosted events, debates and presentations, where different areas were discussed regarding the Czech real estate and urban development topics.
On Thursday, the Deputy Mayor of Prague, Petr Hlaváček, and the Deputy Mayor of Ostrava, Hana Tichánková, joined the stage in a debate and discussed the future plans for the Czech metropolises’ urban development.
Two prominent architects presented their projects that are changing the landscape of Czech cities. The Czech architect, Eva Jiřičná, spoke on the reconstruction of a multi-storied building, emphasizing that the building constructed in the 60s and 70s will be primarily reimagined and reconstructed, not demolished. In the same spirit, Steven Holl spoke on the reconstruction of a concert hall in Ostrava, building onto the shared value of sustainability in architecture.
EXPO REAL Trade Fair has been held in Munich, Germany ever since 1998. It is the biggest trade fair for property and real estate investments in Europe, offering a platform for networking amongst cities, regions, private and public investors to join forces in great projects that have the potential of reshaping city landscapes, significantly improving the quality of life and moving towards a better future. This year’s three-day EXPO REAL focused on sustainability, demographics, and digitalization. Whilst expanding on these topics to ensure a better real estate development and planning, the community is also faced with the current sign of the times – high inflation and the related high construction and land costs. These challenges, however, make the trade fair presence even more important – finding better, more efficient, and sustainable solutions in cooperation with diverse partners might be the answer
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