The tallest building in the Czech Republic, the Prague City Tower, has received a occupancy permit

Prague - The tallest building in the Czech Republic, the Prague City Tower, has received an occupancy permit that has already become legally valid. The owner of the building, the development company ECM, announced this today in a press release. City Tower has 27 above-ground floors and measures 109 meters.
Overall, the building will offer offices on more than 44,000 square meters. ECM reportedly already has interested parties for two-thirds of the skyscraper.
The building in Prague's Pankrác was originally to be the new headquarters of Czech Radio. The building permit was issued back in 1983; however, just eight years ago, it was only an unfinished and abandoned shell. The property was purchased by ECM in 2000.
The construction of City Tower and other high-rise buildings in Pankrác has been criticized in the past by several civic associations. According to them, there was even a risk that Prague could be removed from the UNESCO list due to the disruption of the Prague panorama.
The main activities of ECM include leasing, selling, managing properties, and project development. The company was founded in 1991 by Milan Janků, who is also its majority shareholder. The company is based in Luxembourg, and Janků owns it through a Dutch fund.
In Prague, ECM's projects include the Bishop's Courtyard and the CITY Point administrative building in Pankrác. ECM's shares are traded on the Prague Stock Exchange. In addition to the Czech Republic, the company also operates in Russia and China. The total area of the group's portfolio reaches approximately 500,000 square meters.