The seven-storey building located in the heart of Prague, near Wenceslas Square, situated between Galerie Myšák and Langhans House, presents a significant challenge for us.

Following its construction, the building, originally named Vítek's House, served as the headquarters of the Prague Drugstore and as a Panax photo center. Subsequently, it was predominantly utilized by banking institutions.

At present, the retail space is leased to the COSTA COFFEE café chain and the LOKÁLKA restaurant.

We are currently preparing retail, commercial, and residential units for prospective occupants within the floor spaces and the courtyard wing. Considering the area's character, we anticipate it will primarily attract law and consulting firms seeking prestigious office locations, as well as individuals interested in attractive and modern housing in the heart of the capital city.

A group of apartment buildings within the Písnice housing estate in Prague serves as the cornerstone of our Prague apartment portfolio. However, our focus extends beyond the gradual revitalization of the original buildings dating from 1977–89. We aim to fully capitalize on the site's potential, particularly in light of the ongoing construction of the metro line D.

In collaboration with esteemed urban planners and architects Pavel Hnilička Architects+Planners, we are undertaking a comprehensive completion and reconstruction of the Písnice housing estate in connection with the anticipated final station "Písnice."

The initial step involved the urban planning study titled "Conceptual Study of the Sustainable Development of the Modernist Structure of Písnice - Libušská," which was finalized in 2018 and presented to the public.

Currently, the detailed plan has been finalized, outlining the phased implementation linked to the metro construction.

The initial phase, independent of the metro construction, aims to address the transition area between the old development of family houses in the southern part and the apartment buildings in the northern part. This phase includes projects for the construction of residential buildings on Výletní Street and Na Okruhu Street.

The Central Bohemian village of Lichoceves lies just a stone's throw from the borders of the of Prague, a mere twenty-minute drive from Prague's Dejvice district.

As perhaps the sole village in this area, in such close proximity to Prague, it was "spared" much of the often rampant construction boom of the early 90s. The village's development thus avoided all the ailments that such communities typically face: inadequate civic amenities, poorly planned transportation, and a transformation of the area into an impersonal "dormitory town" to which new residents have no attachment.

On the other hand, the development of the village practically came to a halt, and to this day, basic technical infrastructure such as water supply and sewage systems, as well as the civic amenities such as shops, restaurants, and playgrounds, are absent from the area.

The extensive amount of land designated for development in the zoning plan under the ownership of a single entity represents an almost unique opportunity to conceive the future development of the area conceptually, with foresight and vision for decades to come.

In 2016, Pavel Španko, who acquired the land in a tender process conducted by Knight Frank, generously seized this opportunity and, in collaboration with the urban planning and architectural firm Pavel Hnilička Architects+Planners, soon introduced the concept of “Lichoceves – The Garden Village“. The project and its gradual development have been repeatedly presented at public consultations since 2018, providing locals with the opportunity to express their opinions and provide feedback.

In 2024, as part of structural changes, the project was incorporated into the CIB group, where we continue to build upon previous work.

We continue to develop the concept of a garden town, which combines the advantages of living in both the countryside and the city, presenting a new type of construction in the surrounding areas of Prague. We strive for collaboration with the local community and long-standing residents, for whom the project's realization will bring much-needed technical infrastructure, improved civic amenities, and service development. Our vision is to sensitively connect the "old" and "new" and create a place for quality living for both long-standing residents and new neighbours.

In the interest of fair development of the entire village and cooperation with local and other landowners, we also contributed to the creation of a joint study for the development of the second part of the village, called “Noutonice – A Place for Living”, although the CIB group currently owns only a small portion of the development land in this area.

To demonstrate our serious commitment to Lichoceves, we have already undertaken several projects aimed at improving the appearance of the village: in 2021, we rescued and reconstructed a magnificent but falling apart villa from the 1920’s, now primarily serving the local Association. Its genius loci predisposes it to become the centre of communal activity. Simultaneously, an unsightly ruin in the village centre was bought out and removed, and the space was transformed into a new square, the local centre of the village, which was also lacking. In 2024, the reconstruction of a dilapidated farmstead was completed. The building will serve equestrian sports until all phases of the village's transformation are realized.

Currently, project preparation continues with the preparation of EIA documentation. We still anticipate that the potential realization of the project will occur in stages and will respect natural constraints, particularly those arising from the as yet unrealized relocation of the main thoroughfare.