PSN launches second sales phase of Prague project

16
Sep
2026
News - PSN launches second sales phase of Prague project #Czech Republic #Onn Architects #Penta Real Estate #Psn #Reconstruction #Residential

by Property Forum | Residential

Czech developer PSN is opening the second sales phase of its Žít Braník residential project in Prague's Braník district, releasing a further 20 units with one- and two-room layouts. The building, constructed in 1932, will ultimately offer 72 units in total, with completion of the reconstruction planned for December 2027 and handovers scheduled for the first quarter of 2028.


The reconstruction, designed by ONN architects, will restore the original facade, including its characteristic profiling, decorative brick elements and colour scheme, while converting previously non-residential parts of the building, including the attic, into living space. New self-supporting balconies will be added on the south-western side of the building, and new lifts will be inserted into three existing internal light wells to improve floor-to-floor accessibility.

"Žít Braník is precisely the type of project where it makes sense to work with what already exists in the city. The building has almost a century of history, a firm place in Braník, and an architecture we want to preserve. At the same time, we need to prepare it for several more decades of use," said Jaroslav Macháč, sales director at PSN.

"When designing, we drew on the original character of the building and looked for ways to preserve it even during a substantial transformation of its internal functioning. It was important for us to build on the original architectural elements and proportions, so that new interventions work naturally alongside them," said architect Ondřej Šimša of ONN architects.

Beyond the facade, the building will receive entirely new electrical, water and sewage installations, with gas heating replaced by an electric system including underfloor heating and local heat-recovery units. The shared garden will be redesigned to include a pergola, outdoor fitness equipment, a pétanque court and children's swings, alongside eight new parking spaces accessed from Bezová street. Protection measures for common swift nesting will also be installed on the south-western facade.

PSN has been active in the Czech property market since 1991 and focuses on the reconstruction of apartment buildings as well as the development of residential and mixed-use projects. Its portfolio includes properties in Prague, Pardubice, Hradec Králové and Brno, among them the Dancing House and the City Empiria tower on Pankrác.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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