The new residential project Citadela is causing quite a stir in Prague. The development consists of 100 apartments of which over 63% have already been sold despite the completion date not being till the summer of 2009.

The start of the first phase of the multi-use development project ‘New Karolina’ in the Czech Republic started with a large celebration in the city centre. Over 20,000 people attended the event to celebrate the launch of Phase I of the project in the city of Ostrava.