After 100 Years, There’s a New Building on Prague’s Vítězné náměstí

After nearly a century, a new building now stands on Prague’s Vítězné náměstí.

Victoria Palace, with its multimillion-crown facade, was inaugurated on Vítězné náměstí in Prague 6.

It includes 92 luxury apartments and commercial spaces on the ground floor, marking the first new construction on the square in 87 years.

The project, designed by Jakub Cigler’s studio, cost about CZK 850 million and was in planning for over 15 years. The Kaprain Group acquired the project in 2016, partnering with Penta Real Estate.

“The site had been a neglected open space, an incomplete city block. Our design aims to enhance the urban environment,” said David Musil, Managing Director of Penta Real Estate. “We coordinated with Prague 6 Municipality and other partners to include commercial spaces and facilities along Vítězné náměstí. The ground floor of Victoria Palace will house new services and a café.”

Jan Kozler, Development Director at Kaprain Group, highlighted the project’s unique blend of top architecture, luxury apartment design, and prime location. “The views of Vítězné náměstí, Hradčany, and Ořechovka have drawn significant interest, with 85% of the building already sold,” he noted.

Michal Kotrč, Senior Project Manager at Penta Real Estate, detailed the building’s key features: “The aluminium and glass-cement facade slats, the two-storey reception lobby clad in Italian travertine, and the garden with a water feature and a 25-year-old tree imported from the Netherlands are standout elements.”

Victoria Palace is part of a broader development on Vítězné náměstí, with Kaprain and Penta collaborating with the Sekyra Group on the neighboring Fourth Quadrant.

Victoria Palace also boasts an above-standard number of parking spaces on two underground floors, including electric charging stations.

Contributions from several Czech companies and designers, such as Preciosa with its unique Raw Crystal lighting in the entrance hall, add to the building’s prestige.

Would you like us to write about your business? Find out more