Czech department store Kotva has been purchased by Generali Real Estate for approximately 4 billion CZK, which would make it one of the biggest real estate deals of the year.  The 28,000sqm, seven-story building, which is a culturally protected, will be renovated by Sekyra Group. Generali said the aim of the cooperation with Sekyra Group is to carry out an extensive renovation of Kotva in order to restore the prestige and status of a top shopping destination in the historical center of Prague. The building, which dates to 1975, was once a key shopping centre in Prague, but it has since been overshadowed by more modern ones, including Palladium, which is across the street from it.

full article: Generali bought Prague's Kotva department store, plans extensive renovation