Tuesday, 13 January 2026
AFI Group is expanding its rental housing portfolio in Prague with the planned acquisition of the Nová Elektra residential project in Prague 9 – Hloubětín. The scheme, currently under development by FINEP, is scheduled for completion in December 2026 and will be incorporated into AFI’s rental platform under the AFI Home brand. Operations are expected to begin in the second quarter of 2027, following the furnishing of the apartments.
Construction of the building shell has recently been completed, and work is now progressing on technical installations and interior finishing. The project comprises two apartment buildings divided into four sections, delivering a total of 291 rental units. Apartment layouts will range from 1+kk to 4+kk, targeting a broad tenant base.
According to Pavel Jelínek, Chief Engineer at AFI Czech Republic, Nová Elektra is the first AFI project developed in cooperation with FINEP. He noted that the completion of the structural phase marks a key milestone, allowing the project to move into its next stage of implementation.
The development consists of four eight-storey buildings with shared underground parking providing 309 spaces, as well as technical facilities and basement storage units. Most apartments will feature balconies, while ground-floor units will include private front gardens. The scheme will also offer a 24-hour reception, on-site building management services, and a landscaped internal courtyard intended for residents’ use. As with other AFI Home projects, the apartments will be delivered partially or fully furnished and equipped with household appliances.
Elena Pisotchi, Rental Housing Manager at AFI Czech Republic, said the project reflects continued demand for professionally managed rental housing in Prague. She added that the combination of modern layouts, furnished units and in-house services is intended to meet the expectations of a wide range of tenants.
Nová Elektra is located in Hloubětín, an area undergoing gradual redevelopment and benefiting from good public transport connections. The site is close to metro and tram lines and offers convenient access both to Prague’s city centre and to surrounding recreational areas, supported by improving local amenities.
