Thursday, 15 January 2026
Central Group sold 1,200 apartments in 2025, marking its highest annual sales volume to date. In the same year, the company acquired land in seven locations across Prague with capacity for approximately 5,300 new apartments. The acquisitions were financed entirely from the company’s own resources, without the use of bank loans, investment funds or bond issuance.
Central Group has been active on the Czech residential market for more than three decades. Since its establishment, it has completed over 20,000 apartments across 200 projects in Prague. The developer currently has around 3,200 apartments under construction, with an estimated value of CZK 25 billion. The company has also been listed among the 40 most valuable Czech companies in the Česká elita ranking and has repeatedly placed first in the TOP Employers awards.
Apartments from Central Group’s portfolio accounted for a significant share of sales in both the mid-range and luxury segments in Prague during 2025. The developer currently offers around 800 apartments across nine locations in the capital.
“We sold a total of 1,200 new apartments last year. Two-thirds of sales were in the mid-range segment. One-third of sales were in the luxury segment, where apartments come with a number of above-standard features included in the price. These include, for example, luxury interior design, air conditioning, underfloor heating, glass railings, and stone facade cladding,” says Dušan Kunovský, founder and CEO of Central Group.
In the mid-range category, the highest sales were recorded in Prague 9, particularly in the Tesla Hloubětín and Harfa Living residential districts, which together accounted for around half of the company’s total apartment sales. In the luxury segment, the strongest demand was reported in the Parková čtvrť project in Prague 3, part of the wider Nový Žižkov area, which is undergoing redevelopment.
In addition to sales, 2025 was also a record year for Central Group in terms of land acquisitions.
“Last year, we purchased land for more than 5,300 new apartments in seven locations in the capital. This is a record for the entire existence of our company since its inception in 1994,” Kunovský says.
The largest share of newly acquired land is located in Prague 4, including the districts of Braník, Krč, Michle and Kunratice. Additional plots were purchased in Hlubočepy, Běchovice and Malešice. Overall, Central Group is currently preparing development plans for around 40,000 apartments across approximately 60 locations in Prague, ranging from large urban districts to smaller residential projects.
Toward the end of 2025, the company also acquired a commercial complex in the Novodvorská area of Prague 4 – Braník, adjacent to the Novo Plaza shopping centre. The site is planned for redevelopment into a residential project with around 700 apartments.
Central Group continues to finance its development activity exclusively from retained earnings. The company does not use external debt, investment funds or bond financing and has reinvested its profits into growth since its founding.
“I am very pleased that thanks to our long-term approach, we are able to grow so dynamically. And we do so on our own, without the need for outside money. When the market is doing well, anyone can be a developer with money from loans, funds, or bonds. But when the market becomes complicated, the series of ‘hurray projects’ from less experienced developers turn into truly tragic stories and losses,” Kunovský adds.
