Crestyl buys majority of Red Group resi scheme in Prague 5

Published: 23. 02. 2022
Red Group

Red Group has sold most of the residential project it’s been developing in Prague 5’s Jinonice district along Radlická street to Crestyl. In all, the project called for the construction of 200 units in a series of five separate buildings of differing heights. But in the end, says director Richard Ness, the company decided to keep just one building (offering 44 units) and sell the remainder. “We thought that 200 units is quite a large amount for us and opted to take on a bit less,” he said. “It’s a great time to sell a piece of . . .



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