Monday, 9 March 2026
Skanska has committed approximately CZK 917 million to the final construction phase of its Albatros Kbely residential development in Prague, bringing the multi-stage housing project closer to completion. The latest stage will add 178 apartments and marks the concluding chapter of a project that has been delivered in several phases over recent years.
Located in the Kbely district in the northeastern part of the Czech capital, the development has gradually taken shape as a new residential neighborhood designed to combine housing with public space and local services. Once the final stage is finished, the project will comprise roughly 688 apartments distributed across multiple buildings.
Construction of the final phase is scheduled to begin in March 2026, with completion expected in early 2028.
The broader development has been planned as more than a collection of apartment buildings. The neighborhood includes parks, recreational areas and everyday amenities intended to support community life. In total, more than 15,000 square meters of landscaped green areas are expected to form part of the project, alongside facilities such as a supermarket, a kindergarten and outdoor spaces designed for leisure and play.
The apartments in the final stage will incorporate energy-saving features and systems aimed at reducing both energy and water consumption. The design approach reflects the growing emphasis placed on environmental performance in residential construction across Europe. Environmental certification standards have also been incorporated into the project’s planning.
In addition to efficiency measures within the buildings themselves, the development includes construction methods intended to streamline the building process. Prefabricated bathroom modules are planned for many of the apartments, a method that developers increasingly use to improve construction efficiency and quality control.
The completion of the final phase will conclude one of Skanska’s larger residential projects in Prague. The Swedish developer has been expanding its residential portfolio in the Czech capital in recent years, responding to persistent demand for new housing in the city.
Prague continues to face a shortage of newly built homes relative to demand, a situation often attributed to lengthy permitting processes and limited land availability for large developments. Projects such as Albatros Kbely therefore play an important role in gradually increasing the housing supply while introducing new residential districts that integrate public amenities and green spaces.
Once completed, the Albatros Kbely development will represent a fully established residential neighborhood within Prague’s expanding urban landscape.
