Tuesday, 15 September 2026
Crestyl and investment partner WOOD & Company are moving ahead with the Šárka residential development in Prague’s Vokovice district, with investment in the project expected to exceed CZK 4 billion. The scheme will replace a former industrial and logistics complex close to the Divoká Šárka nature reserve with a new residential neighbourhood containing 224 apartments, four detached houses and supporting public amenities.
The development has a valid building permit, while demolition of the former commercial premises on the site has now been completed. Construction of the first phase is scheduled to begin around the end of 2026, delivering 98 apartments. Completion and occupancy approval for this stage are planned for 2029, with public sales expected to start this autumn.
The overall development will comprise 18 residential buildings containing 224 apartments, together with four houses positioned close to the adjoining woodland. Apartments in the first phase will range from two-room to five-room layouts, with floor areas between 62 sqm and 165 sqm. Penthouses will also form part of the residential mix, while parking will primarily be located underground.
WOOD & Company is participating as the project’s strategic investment partner. Šárka represents the third acquisition for its residential sub-fund, which invests in development projects alongside established residential developers. As of the end of June 2026, the fund reported net assets exceeding €81 million.
The revised architectural concept has been prepared by Chmelař Architekti, led by David Chmelař. The buildings have been designed with varying heights and setbacks intended to respond to the landscape around Divoká Šárka, while stone and timber will feature prominently across the development. Terraces, balconies and private gardens are planned throughout the residential scheme.
The project will also provide infrastructure intended for the wider Vokovice neighbourhood. Plans include a kindergarten for 50 children, which Crestyl intends to transfer to Prague 6 following completion without charge. A separate building close to the public transport stop is planned for publicly accessible commercial and service uses, potentially including retail, healthcare and food and beverage operators.
Landscaped areas will run between the residential buildings, while a new woodland playground and exercise facilities are planned close to the forest. Crestyl has also said it will participate in transport improvements within the wider Vokovice area.
Šárka adds another sizeable residential scheme to Prague 6 at a time when the availability of new housing remains an important issue for the capital. The redevelopment will also remove an obsolete industrial and logistics site and replace it with predominantly residential uses, public landscaping and local services immediately beside one of Prague’s largest protected natural areas.
