What was the planned investment for Prague's V Tower during construction in 2016?
V Tower is a 30-storey residential high-rise on Prague's Pankrác plain, developed by PSJ Invest with Aceur Investment. Contemporary Czech business reporting and a Forbes article hosted by the developer described the planned whole-project investment as CZK 3 billion during construction in 2016. Czech Radio described a 104-metre building whose construction started in June 2015; the developer dates overall completion to winter 2018. The CZK 3 billion is a contemporary planned development figure, not an audited final construction bill or the sale value of its apartments.
Published project estimate
CZK 3 billion
Approximately $122.75 million
Cost basis: 2016
The short answer
CZK 3 billion
Forbes Czechia described the whole V Tower project as expected to cost CZK 3 billion in May 2016. Hospodářské noviny and Czech Radio gave the same construction-stage figure. The amount is a planned investment, not an audited final outturn.
Cost evidence
Basis of the published figure
What the number includes
Cost scope
This reported amount refers to the V Tower residential development on Prague's Pankrác plain. The sources do not split land, financing and construction into separate audited totals; it is not the value of apartment sales or other nearby towers.
Project metrics
Key dimensions
- HeightLeverage.cz
- 104 m
Project record
2018
Project context
About V Tower
The 30-storey, 104-metre residential tower began construction in June 2015. The developer records overall completion in winter 2018. Contemporary articles described it as one of the country's most ambitious high-rise housing projects.
Reading the data
How to interpret the figure
The primary planned-project figure comes from a May 2016 Forbes feature preserved on the V Tower developer site and is independently corroborated by contemporary Czech reporting. Conversion uses the World Bank 2016 annual-average official rate of 24.4399166667 CZK per USD; no inflation adjustment is made.