The group’s first property is under development on Senovazne Namesti in Prague, in the Czech Republic, and will have 168 guest rooms and apartments. The main construction works commenced in July 2019 and are now substantially complete. The property is on track to open in the fourth quarter of 2021. To ensure that the property trades successfully upon opening, Julius Meinl Living is currently building its hospitality, sales and marketing teams.
The group’s second property is on Bulevar vojvode Bojovica in Belgrade, Serbia and is part of a wider development called “K-District”. Julius Meinl Living has contracted to acquire this property by means of a binding forward purchase agreement. It will have 129 guest rooms and apartments in addition to 96 underground parking spaces. Construction of this property is underway and opening is targeted for the second quarter of 2022.
The group’s third property is in Budapest and was acquired in June 2021. It has 50 guest apartments and is already operating.
The properties have been designed in collaboration with the Italian design and architecture consultancy, Matteo Thun Partners