No products in the cart.
Serpentine Temptation
The iconic jewelry house presents a collection where bold design meets masterful craftsmanship. New additions to the Serpenti line, along with striking timepieces and
When in 1991 Václav Skala founded his company Pražská správa nemovitostí — or PSN for short — he could hardly have predicted how profoundly his vision would shape the future of the Czech metropolis. From its humble beginnings renovating tenement houses, PSN has grown into a key player in the real estate market. The company’s first acquisition, a house on Kubelíkova Street, cost a mere 370,000 Czech crowns. “Our strength lies in seeing potential where others overlook it,” explains Max Skala, who now leads PSN.
PSN demonstrated this ability with the purchase of the Dancing House in 2013. One of Prague’s rare examples of modern architecture, designed by Vlado Milunić and Frank Gehry, was transformed under PSN’s guidance from an office building into a multifunctional space open to the public. This way, the company fulfilled Václav Havel’s original vision, and today the Dancing House is not just an architectural gem but a vibrant center of culture and gastronomy, attracting both Prague residents and tourists from around the world.
PSN’s current flagship project is Vanguard Prague, located in the city’s Modřany district. The conversion of the former Microna factory into luxury loft living, inspired by similar projects in New York or London, is a unique development on Prague’s residential scene.
“With Vanguard, we’ve combined the site’s industrial history with cutting-edge technology,” Skala describes. “Where else in Prague can you park your car right in your living room?” The developer is referring to the unique car elevator that allows residents to park their vehicles right by their apartment – even if they live on the 13th floor.
Beyond such unique projects, PSN has other interesting properties in its portfolio. In Vinohrady, the company sensitively renovated the building at Vinohradská 160, preserving its historical character while outfitting the apartments with modern luxury. In Letná, PSN restored the tenement house Na Výšinách, offering premium living with views of Prague. Among the new constructions the company is currently developing are Ahoj, Vanguard (or Hiya, Vanguard), a modern residential project adjacent to the aforementioned Vanguard loft complex, and Maroldka, an intimate project in a prime Vinohrady location.
PSN caters to all types of clients. Projects like Skyline Chodov or Backyard in Dejvice, another Prague’s district, show that the company can create quality, affordable housing for younger people too. Its goal is to offer everyone the chance to live stylishly in Prague, regardless of budget.
As evident, the company has grand ambitions. This is further demonstrated by the revitalization of the former Koh-i-noor factory complex in Vršovice. The plan is to transform this brownfield site into a place that respects its industrial heritage while offering modern urban living. PSN isn’t afraid of challenges in other areas of business either — the company is still active in property management, which currently includes the City Empiria skyscraper in Pankrác and the House of Fashion on Wenceslas Square, among others.
“Our work doesn’t end when construction is completed,” Skala emphasizes. “We take care of buildings long-term to preserve their value and beauty.”
Although PSN is primarily associated with Prague, its reach extends to other cities. In Pardubice, for example, the developer repurchased the Grand shopping center, which it had previously reconstructed in the 1990s. Now it plans to revitalize the building again and restore its former glory, which dates back to the 1930s.
As it enters its fourth decade, PSN has big plans. Together with a co-investor, it’s preparing to transform a plot on Vinohradská Street, where the former Transgas building once stood. According to the company, this will be an example of how modern urban architecture can respect its surroundings. However, PSN’s focus isn’t just on buildings. “We’re a family company, and this spirit permeates everything we do,” Max Skala emphasizes. “We strive to create not just beautiful buildings, but places where people want to live, work, and spend time.” As Prague grows, PSN remains one of the key players in its transformation. “Our mission is to bring properties to life. By doing so, we bring entire cities to life,” Skala concludes.
Alongside its development projects and property management, PSN also has an extensive rental portfolio of apartments and commercial spaces. A significant part of the company’s activities involves acquiring tenement houses, warehouses, and land, through which PSN continually expands its opportunities and scope of operations.
