On Monday this week, I visited Prague on behalf of our clients to check on the progress of Blue Gardens and the commencement of construction at the Beroun Hills site.
The construction team at Blue Gardens are currently hard at work and completion is on schedule. This is the first time I have visited the show apartments and I was extremely impressed by the quality of the fixtures, fittings and overall finish. I am confident that this development will be a real asset to local Berounians and with the development only 200m from the motorway, it is an ideal location for commuters. Blue Gardens is what the local market has been searching for in terms of a quality, modern and affordable developments.
It is projects such as these that attract the residents of central Prague and the surrounding suburbs to relocate to Beroun.
This project is a real milestone, not only for the developer and us, as stake holders and investors, but for the whole town and community. Beroun Hills is the largest, single residential development in the town with a total value of 1.5 Billion Czech Korona. Unfortunately, the commencement of construction on Beroun Hills was held back by a day and I was unable to stay on in Beroun due to other commitments I had back in London but you can rest assured we will be keeping you up to date with pictures of the construction progress.
This super suburb of Prague is growing at an immense pace with leisure and retail facilities estimated to be over £500 Million currently under development (along side a number of smaller residential developments). The old town of Beroun is a traditional and picturesque Czech town, with a fabulous heritage and the outer developing areas actually reminded me of American suburbs with their wide roads, large playing fields and quality, modern housing. It has all the current leisure facilities in town to give it a wholesome family lifestyle feel and the numerous private and government projects on-going means Beroun has all the catalysts for a solid property investment. I honestly believe that we are in the right place at the right time with this investment. The population of Beroun has quadrupled in the last decade alone. It is a really charming town with a great sense of life and I appreciate why a rapidly growing population currently standing at 20,000 choose to call Beroun home. I highly recommend you all visit Beroun.