Central Group doubled its net profit to a record CZK 1.2bn last year. Revenues from the sales of flats, houses and sites as well as property investments rose to CZK 5.5bn. The number of sold flats rose by 25 percent to 1,250 in 2016, while revenues jumped by 50 percent driven by a general price increase on the Prague market and also by Central Group shifting its focus to more high-end locations near the Prague city center. The company invested CZK 2.5bn, having purchased the Cetin headquarters from PPF, office buildings in Prague 3-Žižkov from PSN, the Tesla Hloubětín brownfield in Prague 9 and an area with a hostel and offices near the Thomayerova hospital in Prague 4-Krč.
