Central Group, one of the largest residential developers in the Czech Republic, has invested over CZK 6 billion in land across Prague in the past year.

These record-setting acquisitions include strategic sites in Prague 3, 8, 9, and 18, with plans to build up to 3,500 new apartments in the coming years.

The company confirmed that this is its biggest series of land purchases in 30 years, marking a bold push to meet rising housing demand in the capital.

Among the most high-profile deals is a parcel adjacent to the Olympik Hotel, between the Libeň Bridge and Invalidovna metro station in Prague 8. The area, currently housing obsolete warehouses, is expected to undergo full transformation into a modern residential district.

This location has long been considered a prime target for redevelopment due to its excellent public transport access and proximity to the city center. Central Group has already initiated discussions with city authorities regarding zoning and project approvals.

Central Group also finalized deals in several other Prague districts:

• Prague 3 (Jarov): Land purchased for future apartment blocks.
• Prague 9 (Vysočany): Sites with existing industrial buildings slated for demolition and residential transformation.
• Letňany and Zličín: Large development-ready areas located near metro stations and planned civic amenities.

Many of the newly acquired plots are either already included in the Metropolitan Plan, or the developer will seek zoning adjustments to enable residential construction.

Central Group emphasized its commitment to creating accessible, high-quality housing for a broad spectrum of residents, including families, young professionals, and seniors.

The total area of the newly acquired plots equals more than 30 football fields—a scale that gives the company a unique advantage in long-term planning and phased construction.

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