PSN is expanding its portfolio with new residential projects in Břevnov and Nusle in Prague offering modern living with a private sauna, fitness and investment opportunities.

The REICO NEMOVITOSTNÍ Fund is adding another project to its residential rental housing portfolio – Stodůlky Residential in Prague. The fund has reached an agreement with the FINEP development group to purchase it. 

PPF Real Estate is buying the Prague Four Seasons Hotel on Veleslavínova Street in the Old Town, reports E15.cz. The transaction is being assessed by the Office for the Protection of Competition.

The Luxent Group, whose main pillar is the real estate agency Luxent – Exclusive Properties, has established a qualified investor fund, Luxent Fund SICAV registered by the Czech National Bank, with a real estate sub-fund.

KKCG Real Estate Group and Alma Development have announced the first phase of the residential project Bydlení Meta Modřany in Prague 12. The renovation of the Chirana factory building is bringing the concept of compact urban housing in the form of lofts.

The Municipal Court in Prague has approved the reorganisation plan of the bankrupt company Arca Investments, drawn up by the creditor IFIS investiční fond. The information has been published in the insolvency register, reports E15.cz. 

Amundi Czech Republic has announced the sale of the office building The Square, directly above the Budějovická metro station in Prague. The new owner is Mint Investments.

Office fit-out costs in Prague are still competitive despite rising construction costs and higher demand for modern work environments. According to the latest report from Cushman & Wakefield EMEA Fit Out Cost Guide Prague's offer of high-quality office spaces is at more favourable prices compared to other European cities.

Scott.Weber Workspace has leased new premises in the heart of Prague's Smíchov district, which is fast becoming an important centre of the capital. 

The Sir Hotels chain coming from Amsterdam has opened its new hotel close to the Vltava river bank in Prague this week.