PPF Reality to acquire the Pinkas Palace
PPF Reality, a.s., part of PPF Real Estate Holding, will acquire a unique historical building in Prague known as the Pinkas Palace. Covering a total area of 3,223 sq m, the heritage building is situated on Kampa Island, next to the iconic Charles Bridge.
PPF Reality acquired the Pinkas Palace at a public involuntary auction initiated by PPF banka. The palace was auctioned for CZK 480 million. PPF Real Estate has therefore expanded its portfolio to include another pre-eminent property. The company currently has 26 projects underway.