More and more Chinese investors are targeting commercial properties in the Czech Republic. CEFC, one of China’s largest private enterprises, is planning to invest billions of crowns into Prague office centers, including the ArtGen complex PPF completed in Prague 7-Holešovice. CEFC moved forward plans to acquire a stake in J&T Bank for CZK 20bn, according to the server e15.
CEFC is hoping to use Prague as a springboard to other European markets. The group is the sixth largest private business in China and one of the largest corporations worldwide, with annual turnover of $34bn.
