PPF Real Estate Holding

PPF Real Estate Holding operates in the Czech Republic, Germany, the Netherlands, Poland, Romania, the UK, and the US. It continuously assesses business potential in all countries where it is present, as well as in new markets in Europe and overseas. 

In addition to acquisitions, PPF Real Estate is committed to maintaining long-term assets and a stable portfolio. As a developer, the company prioritises sustainable planning and development, energy-efficient technologies, and a healthy, modern environment for its properties and the communities they serve.

Having completed a 308-unit multi-family development project in Orlando, Florida, PPF Real Estate and its joint-venture partner moved forwards with letting the units in the last quarter of 2024. It also continued an office development project in the Romanian capital of Bucharest, where it plans to build 29,000 m2 of class-A office space adhering to the latest sustainability standards. Ground was broken in Q3 2024, with the building scheduled for completion in 2026. 

Two residential development projects in Prague – part of a joint-venture partnership with a well-established local developer – progressed, with one of the projects receiving a building permit for its first phase at the beginning of 2024 and construction starting during Q3 2024. In the Netherlands, PPF Real Estate signed an agreement in December 2023 to divest its 13,900 m2 regional shopping centre there and closed the sale in Q1 2024. The remaining Dutch real estate investments include seven office buildings with a total lettable area of over 140,000 m2 and a Marriott-branded hotel in Rotterdam. In the United Kingdom, the company is working on a major office building refurbishment in the City of London. It also owns and rents three modernised Victorian houses in the capital. 

In October 2023, in keeping with the PPF Group’s policy from spring 2022 to retreat from the Russian market, PPF Real Estate signed an agreement for the sale of the Metropolis office buildings in Moscow (co-owned with Hines). This sale, closed in Q2 2024, effectively marked the end of PPF Real Estate’s presence in Russia.

In December 2024, PPF Real Estate signed an agreement to purchase the Hilton Hotel in Prague. With nearly 800 rooms and around 5,000 m2 of conference space, it is the largest hotel in the Czech Republic and one of Europe’s leading conference venues. The transaction was completed in Q1 2025 and PPF Real Estate holds a 95% stake. 

In January 2025, PPF Real Estate diversified its presence in the US property market with an investment in one of the phases of the Gasworks project, a mixed-use development in Tampa, Florida. This multi-phase project is a joint venture between Washington D.C.-based real estate company KETTLER Inc. and Tampa-based entrepreneur Darryl Shaw and will connect Tampa’s historical Ybor City with downtown districts, transforming a currently underused area through the provision of residential, retail and commercial properties. PPF Real Estate joins the venture via its acquisition of a majority stake in the current phase of the project. 

In March 2025, PPF Real Estate signed an agreement to acquire the Four Seasons Hotel Prague. The transaction was completed in Q2 2025 and PPF Real Estate is to hold a majority stake in the project.