Winner of 6 major real estate awards, including “CEE Retail Development of the Year” 2007 & “CEE Building of the Year” 2007

The creation of Palladium was a 15-year process that included a number of challenges and special aspects, including

  •  A three year archeological dig and the integration of archeological artifacts in the final buildings
  • Preservation of the adjacent church throughout construction, including providing temporary lodging for the resident monks
  • Renovation and reconstruction of 2 historical monuments, in cooperation with the heritage authorities
  • Preservation of Prague’s skyline, under UNESCO world cultural heritage protection
  • Renovation of the original riding hall roof according to traditional methods
  • Inner-city construction with limited road access and many neighbors; a construction process coordinated in respect of local needs
  • Conversion of a through street back to the traditional Republic Square, including reconstruction of a tram line and improvement of a metro station
  • Commissioning and permanent exhibition of 6 original artworks by local artists

Location: Námĕsti Republiky, Prague 1
Construction begin: Q2 2005
Opening: Q4 2007
Project realization according to budget  
Letting complete: August 2007 (2 months prior to opening)
  100% of retail space
  90% of office space
Investment Sale on the date of opening  
Area of the lot: 13 000 m2
Total gross area: 115 000 m2
  39 000 m2 retail space
  19 500 m2 office space
Parking: Underground parking –  900 spaces
Market value: EUR 530 – 560 mil.
Major retail tenants: Esprit, C&A, H&M, Albert, Intersport, Topshop, Bata, Promod, GAS, Ecco, Marks & Spencer, Monton, Orsay, Puma, Ann Christine, Benetton, Gant, Reserved
Major office tenants: CB Richard Ellis, Gleiss Lutz, Boehringer Ingelheim, Egon Zehnder Management Consult, Advent International, Nörr Stiefenhofer Lutz, GES Group, A Consult, Eiffel Optic, Apotex
Winner of the following awards: Commercial real estate of the year 2006, CZECH INVEST, Prague - Palladium received special award in the "Brownfields" category
  Nejlepší z realit 2007 , Best of Realty, Prague - Palladium awarded No. 1 in Retail Category
  Central and Eastern European Real Estate Quality Awards 2007, Poland, Palladium Awarded CEE Real Estate Building of the Year
  Construction Journal Awards 2007, CiJ Awards, Prague - Palladium awarded No. 1 in Best Overall Development Category
  Construction Journal Awards 2007, CiJ Awards, Prague - Palladium awarded No. 1 in Best Shopping Center Development Category
  Czech Invest 2006, Prague - Special Award in Brownfields Category


What next?

All projects