Local developer Sekyra Group has acquired the Stýblův dům townhouse on Wenceslas Square in Prague for around €16.6 million (CZK 450 million). The company is planning to invest €31.3 million (CZK 850 million) in restoring the building.
"After a comprehensive reconstruction, we will offer commercial space on the ground floor of Stýblův dům for rent for shops and services. The upper floors will house luxury accommodation and office space. The total cost of the project will reach CZK 850 million, "said Leoš Anderle, Executive Director of Sekyra Group.
Sekyra Group will also be involved in the revitalisation of surrounding buildings.
