Lighthouse Group is active in the Czech Republic since year 2000. First project concluded in Prague is administrative scheme Lighthouse Towers, where 23.000 sqm of offices are 90% occupied. This ambitious scheme has been a milestone initiating a revitalization of Pragues Holesovice Port. Next phase of commercial development will commence in summer 2007. The residential scheme in Holesovice Port, which is named Prague Marina, will offer in first phase 340 exclusive waterfront properties, the construction begun at the end of 2006. Yet another significant residential project of the Lighthouse Group is called Green City (Zelene mesto), located in Prague 3 Jarov on a 15 hectare site, over 1000 units will be built in the upcoming six years. The Lighthouse Group successfully acquired at the end of 2006 a 9 hectare site in Prague 9, adjacent to a well know Sazka Arena. A scheme planned on this site will offer a multipurpose centre, composing of retail, offices, multimedia scene and a hotel. Further Lighthouse Group activities include the operation of a warehouse / office complex in Prague 6 called Sarka Business Park. Revitalization of Smichov Port in Prague 5 is yet another project, where Lighthouse Group is involved due to its experience and cooperation with Czech Ports Ltd.