Alfred residential project: Skanska’s latest project in Prague, Czech Republic

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Skanska has announced a CZK1.1bn (approximately SEK480m and $46.4m) investment in a residential project in Prague, Czech Republic. The construction of this Alfred residential building has begun, with completion scheduled for early 2025.

The 11,000m2 residential building will house 179 apartments. The 10-story structure will house one and two-bedroom apartments. The Alfred residential project is part of the Emil Kolben Quarter Phase II residential development project.

Roof photovoltaic panels will be fitted to power corridor lighting and the apartment ventilation system in order to receive BREEAM environmental certification. Alfred is expected to be 24% more energy efficient than a reference building. The new development is surrounded by various amenities and is close to a metro and tram station.

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Alfred residential project is part of Skanska’s several developments in the region

Skanska is a leading Czech construction and development company that constructs, upgrades, and maintains the country’s buildings and infrastructure. Consequently, they have been involved in several projects throughout the region.

Skanska was also awarded a contract by the Municipality of Bergen to construct a new secondary school in Bergen, Norway, in October. The $35.04m (approximately SEK390m) contract will be recorded in the company’s Nordic order bookings for Q4 2022. The secondary school on 9,300m2 will have a capacity of 500 students. Additionally, it will include a department for students with mental and physical disabilities.

Skanska is responsible for the demolition of the current school building, the development of the new school, and the renovation of the current sports building under the project’s scope. Construction is expected to begin in Q4 2022 and conclude in Q2 2025.