After its official opening in 2007, the iconic shopping mall in the heart of Prague’s 1st district, PALLADIUM has become a highly frequented and widely recognized retail location, drawing in customers with more than 150 shops and 700 parking spaces. Spanning across 5 floors, the shopping center also offers a variety of 25 restaurants, cafes and bars apart from the wide range of clothing and other retail possibilities. As the largest one-stop shopping destination, PALLADIUM’s total area stands at 115,000 square meters.
In October 2025, Project Aurelia – the newly established division of Reico Real Estate Fund, managed by Erste Asset Management of the Erste Group – is acquiring PALLADIUM from the German Union Investment. The current owner has purchased the shopping center in 2015 for EUR 570 million, and according to Hospodářské noviny, Union Investment was looking to sell the retail location for EUR 700 million this February.
Nonetheless, the value of the transaction has not been officially announced and the Office for the Protection of Competition (UOHS) is currently reviewing the deal, with a possible decision to be expected within this October.
