UBM Development Czechia sold 71 flats in 2023, a year that saw the company celebrate its 30th anniversary on the market. Thirty four of the sales took place at Astrid Garden, a 138-unit project in Prague 7’s Holešovice. The rest of the sales were for flats in in Arcus City, the project whose latest phase is Timber Praha – the city’s first apartment buildings made from wood. The company received user permits for 150 flats last year and topped out on three projects.
“Czech legislation is blocking the wider development of timber structures by making it possible . . .
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