Czech Competition Authority Approves Two Property Acquisitions by PPF Group

The Czech investment group PPF is further expanding its property business. The competition authority ÚOHS has approved two acquisitions involving both commercial properties in the capital and a golf and residential project in Central Bohemia.

The Czech Competition Authority (ÚOHS) has given the green light to two further property acquisitions by investment group PPF. The transactions involve several property companies belonging to the Kaprain Group in Prague and the business operations of IK-invest 3, which include the Oaks Prague golf resort in Nebřenice in Central Bohemia. Both decisions are already legally binding.

PPF Acquires Six Property Companies in Prague

As part of the first transaction, PPF is acquiring a total of six companies from the Kaprain Group. Projects around the O2 Arena include Harfa BC C, Harfa District, Českomoravská Invest, Kovářská 939, C & R Office Center One and MOTOTECH REAL.

The companies are primarily active in the rental of commercial properties, particularly office and warehouse space. They also own land and development projects in preparation within the Czech capital.

Oaks Prague Golf Resort and Planned Residential Project

The second approved transaction concerns the acquisition of the business operations of IK-invest 3. The company owns the Oaks Prague golf course in Nebřenice in Central Bohemia, as well as the planned residential project of the same name.

The development includes villas, apartment buildings and detached houses. The overall project also includes the operation of the golf course and associated services, including two restaurants.

The PPF Group is an international investment group with operations in Europe, North America and Asia. In the Czech Republic, the group is active in telecommunications, media, financial services, e-commerce, property, mechanical engineering and transport systems, among other sectors.