The real estate portfolio of the Pražská developers společnost has increased its market value to more than seven billion crowns
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The real estate portfolio of the Pražská developers společnost has increased its market value to more than seven billion crowns


11/7/2023

Pražská developerská společnost  (PDS), a contributory organization of the capital city of Prague, has acquired the following assets. The Pražská developerská společnost (PDS), a subsidiary of the City of Prague, has submitted a regular market valuation of its real estate portfolio, which includes 816,000 m2 of urban land intended primarily for residential development. The market value of the valued properties was set at CZK 7,123,980,000 as of 1 June 2023 by the renowned international consultancy Knight Frank.

Regular market valuations, common among private property managers, serve as a basis for strategic decisions of the capital city. Prague's strategic decisions on how to dispose of its assets and how to further value them. The market valuation is an important basis for negotiations on the financing structure for the implementation and operation of urban rental housing projects that PDS is preparing.


The first ever market valuation of the land portfolio entrusted to the management was carried out by the urban developer in 2021. The value determined by valuation experts from Knight Frank was set at CZK 2.939 billion. The following year, the market value of PDS's property portfolio increased to CZK 4.298 billion, according to the Knight Frank report. According to the same valuer, the current market value of the pool of properties handed over to PDS for management was CZK 7,123 billion.


The market value of the comparable part of the portfolio (i.e. those properties that can be compared to the last valuation as at 1 April 2022, when this set of properties was valued at CZK 4.063 billion) was a total of CZK 4.650 billion when valued as at 1 June 2023. Compared to the valuation as at 1 April 2022, the value of the land increased by CZK 587 million.
The Prague Development Company (PDS) was established on the initiative of Deputy Mayor Petr Hlaváček on 1 June 2020 as a contributory organisation of the capital city of Prague. Prague. Its aim is to value the real estate assets of the capital city. Prague's real estate assets and the preparation of projects, especially urban rental housing, in order to expand the city's housing stock and offer it especially to representatives of the so-called preferred professions and single parents. The PDS was established by decisions of the City Council of the Capital City of Prague. The PDS was given 816,000 m2 of land owned by the City of Prague for management, on which it is planned to build 6,000 to 8,000 flats over a period of up to 10 years.