UDI Group Completes Four Construction Milestones

UDI Group has completed the structural phase of four residential developments across the Czech Republic, Hungary and Serbia, marking a series of construction milestones for the developer’s regional portfolio.

The projects include the first phase of Urban Park Brno, Parkside in Budapest, and Lastavice West and Zvezdano Brdo in Belgrade. All four developments are progressing according to schedule towards handover to future residents.

Four Projects Reach Structural Completion

The milestones span residential and mixed-use developments in three European markets.

UDI Group said the simultaneous progress reflects its ability to manage large-scale projects across different countries, supported by long-term planning, preparation and cooperation with banking partners.

Pavel Šemík, Group Treasury Director at UDI Group, said the progress confirms the strength of the group’s portfolio and its ability to deliver projects according to plan.

Urban Park Brno to Transform Former Industrial Site

In Brno’s Husovice district, Urban Park is redeveloping a former industrial site into a mixed-use neighbourhood with housing, shops and services.

Its first phase will comprise 236 apartments, with completion scheduled for 2027.

The full development is expected to offer more than 1,000 apartments, with total investment reaching nearly CZK 4.5 billion.

The project is planned as a new urban neighbourhood, combining residential space with supporting commercial and service facilities.

Parkside Budapest Combines Homes, Hotel and Retail

Parkside is being developed in Budapest’s 13th district, next to Vizafogó Park.

The mixed-use project will comprise 324 apartments, a 152-room hotel and commercial space.

Completion is scheduled for 2028, with total investment of nearly CZK 3 billion.

The development brings residential, hospitality and commercial uses together within a single project, adding to UDI Group’s activity in Hungary.

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Belgrade Developments Advance

In Belgrade, Lastavice comprises two mixed-use buildings with a total of 492 apartments and ground-floor commercial space.

The project will be delivered in two phases, with total investment of CZK 2.2 billion.

Zvezdano Brdo is divided into four sections and will provide 341 apartments, ranging from studios to four-room units.

The project’s total investment is CZK 1.4 billion.

Also Read: BIG Poland Opens 13,500 Sqm Retail Park in Konstantynów

Key Takeaways

• UDI Group completed structural works on four residential projects across three countries.
• Urban Park Brno’s first phase includes 236 apartments, while the full project is planned to exceed 1,000 homes.
• Parkside Budapest will combine 324 apartments, a 152-room hotel and commercial space.
• Lastavice and Zvezdano Brdo in Belgrade will together provide 833 apartments.

Beyond the four milestones, UDI Group is preparing further phases of key projects and discussing financing with banking partners for upcoming residential developments in the Czech Republic and abroad.

The group operates in the Czech Republic, Poland, Serbia, Hungary, Panama and Costa Rica, with nearly 8,000 apartments in construction or preparation and development costs approaching CZK 42 billion.

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