CPI Property Group was not originally planned. The group of billionaire Radovan Vítek therefore challenged the plan with the Antimonopoly Office. He rejected the first complaint the year before last, and last year he wiped away the appeal. The company claimed that DPP should have issued a public tender for the sale of land. The company refused, saying that it did not want to sell the land, but in the form of a joint venture it participated in the development of the surroundings and in the future also in the profits resulting from the built real estate.

However, CPI Property Group owns land, including a bus station near a metro station. In total, there are 240,000 square meters in the vicinity of the Nádraží Holešovice station and in the adjacent Bubny-Zátory area. Therefore, DPP started negotiations with her this spring on joining the joint venture.

The intention of the joint venture is to modernize the northern vestibule of the Nádraží Holešovice metro station and transform its immediate surroundings, bordered on the north by a railway and delimited approximately by Partyzánská, Vrbenského and Argentinská streets in a modern city district with offices, housing and services. public transport and the management of interconnections of the existing transport hub “.

Control over the development of the station’s surroundings

“In the past, the city wasted its securities unnecessarily and lost control of them. We’ve come a long way since then. We don’t get rid of them. We want to further develop them together with private investors. Thanks to a shared vision, I will still have an impetus for the further development of the unhappy territory, but we for the city will continue to have control over the preservation of transfer connections, the quality of public transport in Prague and passenger services. At the same time, thanks to the newly formed company, we will obtain a source of financing private capital for the repair of infrastructure, such as vestibules and metro stations, “said Adam Scheinherr, Deputy Mayor for Transport and Chairman of the Supervisory Board of DPP.

According to DPP chief Petr Witowski, the joint venture will provide carriers with control over the development of the station’s surroundings as well as long-term revenues. DPP counts on profits from a new joint stock company without having to invest money. Developers will take care of the investment. “We have created a model according to which we will be able to proceed similarly when modernizing another metro station,” added Witowski. According to Serge Borenstein, President of the Karlín Group, the appearance of the new district will emerge from an international architectural competition.

The statutory body of the Joint Undertaking will be a three-member Board of Directors and the supervisory body will be a Supervisory Board with the same number of members. Investors have the right to nominate two members of the Board of Directors and one member of the Supervisory Board. DPP has the right to nominate one member of the Board of Directors and two members of the Supervisory Board. A member of the Board of Directors of the Joint Undertaking will always be elected by a member of the Board of Directors nominated by investors and by a member nominated by DPP as Vice-Chairman of the Board of Directors. A member of the Supervisory Board nominated by DPP and a member nominated by investors will always be elected Chairman of the Supervisory Board of the Joint Undertaking.