Developers want to build mainly offices and shops on the land, they will also use some of them for flats. “It is definitely one of the most interesting places in Prague. We will announce an international competition on the concept of a multifunctional development with plenty of greenery and public space. Prague itself is attractive for architects, in the case of Vítězné náměstí we can expect real world aces, “said Pavel Streblov, Penta’s director of commercial construction.

They plan to announce the international competition within one year, and they expect it to be implemented by 2028. The metropolitan zoning plan has been planned for a long time – and the winning design of the architectural competition for the urban and transport solution of Vítězné náměstí, organized by the Institute of Planning and Development of the Capital City of Prague in 2018, respects Engel’s intention.

New university building

The ICT stated that it wanted to raise money from the sale of part of its land to use for the construction of a new university building with teaching facilities and facilities for students and academics. A school that has long struggled with a lack of space will be able to supplement the missing laboratory essentially for international scientific cooperation.

Since 1997, negotiations have been held between the Institute of Chemical Technology and the Czech Technical University in Prague with a foreign investor. Based on the decision of the Ministry of Education, the ICT became the owner of the land on Vítězné náměstí in 2001. In the end, the planned project did not materialize.