On September 14, 2021, developer Passerinvest Group announced that 85% of the flats and 100% of the retail units have been sold in its Rezidence Oliva project in Prague – Brumlovka.
Construction began in early 2021 and the complex contains a total of 72 flats and six retail units on eight stories and 84 parking spots on three underground levels. According to the company, a smaller building in the same architectural style named Olivka will be going up right next to Rezidence Oliva and will offer space for a preschool, cafe, and Swiss railway model upon its completion.
“We launched the sale of the flats in Rezidence Oliva this April and there was immediately great interest,” stated Passerinvest Sales Director Lenka Preslova. “We are mainly pleased that the flats in our building are primarily being purchased by their end users, whether they be families with children or young couples. They are also often an investment for the future, where parents are buying a flat for their children, but until they get older, they are offering them to the market for leasing. Only a few units can be attributed strictly to investment buyers.”