Quinlan Private and its partner, Golub, have postponed plans to build five high-rise residential towers in Prague, according to local reports that have been confirmed here.

Residents of nearby housing projects opposed the €78m project, saying the proposed buildings were too close to existing residential units. The scheme was due to begin construction in the second quarter of this year. Construction on the towers, which are to contain more than 380 apartments, is now unlikely to start until at least 2011. Quinlan Private Golub will do an environmental impact assessment in the meantime, allowing feedback from the public.

"QPG does not see any reasons for a significant change of the current concept or a complete termination of the project," the report states.

Quinlan Private Golub develops, manages or leases 2.2 million square metres of property in central and eastern Europe.