Formal Sitting of the Investment Expert Committee (January 13, 2021)
The Investment Expert Committee of Pražská developerská společnost has started its operation
The Investment Expert Committee of Pražská developerská společnost started its operation on January 27, 2021. It is an advisory body of PDS which will be independently assessing projects under development, discussing potential risks and possibly recommending suitable solutions. The following renowned experts accepted membership in the Investment Expert Committee, which will meet at least twice a year, on the basis of nomination by doc. Ing. Arch. Petr Hlaváček, first deputy mayor, and agreed on the resolution of the Prague City Council no. 1549: Martin Bendík, Jaromír Hainc, Martin Hvězda, Lukáš Kohl and Miroslav Singer. The opening meeting in January was chaired by Petr Urbánek, managing director of PDS. The next workshop is pre-scheduled in June 2021.
“Highly skilled specialists from the field of economy (Miroslav Singer), real-estate law (Martin Bendík), urbanism (Jaromír Hainc), architecture, development and real estate analysis (Lukáš Khol) and construction costs and construction organization (Martin Hvězda) became members of the PDS committee. We appreciate their experience and an independent view of the projects under development mostly of municipal rental housing,” said Petr Urbánek, managing director of PDS.
“It is another important step in the whole functioning of this municipal organization. I believe that the appointed experts will bring a new perspective to the projects under development,” adds Petr Hlaváček, the first deputy mayor of the City of Prague.
Pražská developerská společnost (PDS) was established on June 1, 2020 as a municipality-funded organization of the City of Prague and it is based in Radniční domy in Prague 1. At the forefront is Petr Urbánek appointed on October 1, 2020. The aim of PDS is the appreciation of real-estate assets of the City of Prague and the preparation of projects of mostly municipal rental housing. By decision of the council, PDS received ca 400,000 sqm of land owned by the City of Prague for management and 6,000 – 8,000 flats are expected to be built there in a time horizon of up to 10 years.