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March 17, 2026

SUBMIT NEWS

March 17, 2026

SUBMIT NEWS

PPF Real Estate Secures Merger Clearance for Diplomat Hotel Acquisition

PPF Real Estate has secured merger clearance for the acquisition of the Diplomat Hotel in Prague before the Czech Office for the Protection of Competition.

PPF Real Estate Group has acquired Diplomat Prague RE, the owner of the four-star, full-service Diplomat Prague hotel, from Lombard Real Estate (as reported by CEE Real Estate Matters on October 1, 2025).

BBH advised PPF Real Estate on the merger clearance procedure (as reported by CEE Legal Matters on October 24, 2025).

Image source: ppf.eu

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7R Signs SMA Partnership to Enter German Market

In 2026, 7R plans to expand in Germany through one to two land acquisitions and the acquisition of one to two standing assets. The company’s strategy focuses on the BIG 7 cities – Berlin, Hamburg, Munich, Cologne, Frankfurt, Stuttgart, and Duesseldorf.

Fidurock Acquires Sokolska 35 and 37 Buildings in Prague

The buildings are located in the immediate vicinity of Wenceslas Square, the Museum, and I. P. Pavlova and have a current area of 2,157 square meters. According to Fidurock, will undergo complete renovation and conversion from office to residential rental units.

Cresco Real Estate’s SO-HO Rezidence Secures Financing

The phase of SO-HO Rezidence follows the already completed building on V Haji Street and will comprise 194 residential units. Completion of the development is expected in the fourth quarter of 2026.