Natland Group has acquired a former hostel in Prague's Hostivař to develop approximately 50 affordable apartments, responding to the rising demand for urban housing.

Information on the Target

On December 16, 2025, the investment group Natland expanded its real estate portfolio in Prague by acquiring a former hostel located near a previously operational industrial site in Hostivař. The purchase price for the three-story building is in the range of several tens of millions of Czech crowns. The property is strategically positioned close to a shopping center, public transport stops, and adjacent residential developments.

This area is undergoing dynamic urban development, providing comprehensive civic amenities and excellent accessibility. To meet the growing demand for affordable urban housing, the project intends to convert the building into approximately 50 smaller apartments, inspired by the concepts of student housing and living for young professionals.

Industry Overview in the Czech Republic

The Czech Republic’s real estate market has been experiencing significant growth over the past few years, fueled by increasing demand for urban living spaces. Major cities, particularly Prague, have