Real estate investment company CPI Property Group has progressed to the next phase of its retail construction of the new IGY Centre in České Budějovice. The partial demolition work on a section of the existing IGY Centre has now been completed and the building is prepared for the modernisation and construction of the new multiplex cinema.
Since April 2016, the IGY2 building has been under construction on the neighbouring site with the entire concrete structure to be completed by the end of the year."In February and March 2017, construction will begin on the sky bridge which will link the new IGY2 building to the current IGY Centre over Pekárenská street while incorporating retail shops at an above street height allowing both traffic and public transport to pass conveniently below. Work will continue on IGY Centre’s impressive façade which will provide a contemporary aspect to Pražské Avenue," said Radek Hlaváček, Construction Project Manager, New IGY Centre. Once complete, construction will move to the interior, which will also include the gradual adjustment of retail space according to future tenant requirements. The Centre will also receive a public space facelift following the city boulevard leading to the city centre. CPI Property Group as part of an ambitious schedule aims to complete all works on New IGY Centre for the Christmas market in autumn, 2017. Investment in the construction of IGY2 will reach CZK 420 million, the reconstruction of the current IGY Centre will come to a further CZK 330 million.
The existing IGY Centre, which has been opened for ten years, required both revitalisation and expansion with a view to increasing customer demands, maintaining competitiveness and increased demand for shops and services. This expansion increases the existing business area from over eight thousand square metres to more than 29,000 m² of retail space with a total of 130 shops and 700 parking spaces. Customers can look forward to a nine-screen multiplex cinema, two retail floors with a large combination of shops, services and entertainment, as well as restaurants, cafes and a food court. The project will have its administrative centre, with nearly 5,000 m² of modern office space.
