Reflecta Development

What Reflecta Development does

Reflecta Development a.s. is a Prague-headquartered Czech real estate developer founded in March 2007 that delivers shopping centres, medical facilities, residential projects, and large multifunctional urban developments. Its realized portfolio includes the Géčko shopping centres in České Budějovice, Liberec and Ostrava (the Ostrava asset opened October 2018 with 32 retail units totalling approximately 10,750.6 m² and 1,420 parking spaces, connected directly to a Globus hypermarket), the Lékařský dům Géčko medical house in České Budějovice housing 30+ private medical practices, and the residential Vily Chuchle and Dům Sestupná 7 developments in Prague. The company is currently advancing a large multifunctional pipeline — Nový Opatov (165,000 m² gross floor area), Nová Krč, Nádraží Krč, and Sportovní Údolí Krč — co-developed with the City of Prague, IPR Praha, Prague 4 district, Dopravní podnik and Metroprojekt around the new Metro D line.

The company operates through a multi-entity corporate group anchored by REFLECTA Development a.s. and including the core operating subsidiary REFLECTA Facility s.r.o. (managing shopping centres and over 40,000 m² of entrusted property in central Prague), the residential SPV VILY CHUCHLE a.s., holding entities REFLECTA a.s., BENERO a.s., RONECO a.s., and Starochodovská a.s., and the consumer retail subsidiary sklenka.cz, s.r.o. (online and physical retail of Czech and Slovak glass products, founded 2021 with a Prague 1 store opened in 2022). Technology is conventional real estate development and property management; no AI, APIs, or proprietary software platforms are disclosed. Reflecta is privately held under founder control (Jakub Sklenka), publishes annual reports, and operates with no disclosed external institutional investors.

Revenue is generated through four streams: development fees and property sales (one-time transactions on residential villas, apartments, plots, and commercial units), recurring facility management fees from REFLECTA Facility's 40,000+ m² portfolio, recurring retail tenant leasing income across owned shopping centres, and ancillary retail revenue from sklenka.cz. The go-to-market is direct sales-led: commercial tenants are signed directly into shopping centres and multifunctional developments, residential units are sold to end buyers via project-specific websites and on-site sales offices, and there is no publicly disclosed pricing or digital sales channel. Geographic footprint is exclusively Czech Republic (Prague, Ostrava, České Budějovice, Liberec).

Name

Reflecta Development

Legal name

REFLECTA Development a.s.

Website

https://reflecta.cz

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Reflecta Development is a Prague-headquartered Czech real estate developer founded in 2007 that builds and manages shopping centres, medical facilities, residential projects, and large multifunctional urban developments. It serves retail tenants, residential buyers, healthcare providers, and commercial tenants exclusively in the Czech market through a multi-entity group.

Ownership category

akta.pro rank

Headquarters

HQ city

Praha

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Development fees and property sales: Revenue generated through real estate development projects, including shopping centers, residential properties, and multifunctional complexes sold or leased to end users and tenants.
2. Facility management services: REFLECTA Facility subsidiary manages and administers shopping centers and entrusted property portfolios in central Prague, generating ongoing management fees. Portfolio exceeds 40,000 m² of managed space.
3. Retail tenant leasing: Shopping centers lease commercial units to retail tenants, generating rental income from shops and services.
4. Residential property sales: Residential projects such as Vily Chuchle and Dům Sestupná 7 sell villas, plots, and apartments to end buyers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Reflecta Development is a Czech real estate development company that develops, owns, and manages shopping centers, a medical office facility, residential housing projects, and large multifunctional urban developments in Prague and other Czech cities. Its subsidiary REFLECTA Facility provides ongoing shopping center and real estate portfolio management covering over 40,000 m², while a separate sklenka.cz retail concept sells Czech and Slovak glass products.

Product overview

Reflecta Development is a Czech real estate development company established in March 2007 by experienced professionals. The company operates as a single integrated offering rather than a platform-plus-modules architecture. Its product portfolio includes shopping centers (NC Géčko in Ostrava, Liberec, and České Budějovice), medical facilities (Lékařský dům Géčko), residential projects (Dům Sestupná 7 and Vily Chuchle), and large-scale multifunctional urban developments (Nový Opatov, Nová Krč, Nádraží Krč, Sportovní Údolí Krč). Additionally, the company operates sklenka.cz, a retail shop selling Czech and Slovak glass products. The company also manages its properties through its subsidiary REFLECTA Facility s.r.o., which handles property management for shopping centers and real estate portfolios.

Differentiator

Problem solved

Functional benefit

Products and services

• NC Géčko Ostrava Shopping center in Ostrava-Poruba developed by Reflecta Development, connected to the Globus hypermarket. Offers 32 retail units across approximately 10,750.6 m² of rentable space with 1,420 parking spaces. Tenants include NEW YORKER, CCC, SPORTISIMO, PLANEO ELEKTRO, DM, and MOUNTFIELD.
• NC Géčko Liberec Shopping center in Liberec, Czech Republic. One of Reflecta Development's first completed shopping center projects, put into operation in 2007. Ownership changed to Nordic Investors at the beginning of 2016.
• NC Géčko České Budějovice Shopping center in České Budějovice, opened in 2007. One of Reflecta Development's first completed shopping center projects, co-located with the Lékařský dům Géčko medical house.
• Lékařský dům Géčko Medical house located adjacent to the Géčko shopping center in České Budějovice, providing a wide range of healthcare services with more than 30 independent private medical offices under one roof.
• Dům Sestupná 7 Residential project in Prague featuring a two-floor building with residential attic. Each apartment includes balcony/terrace, private cellar, and at least one parking space. Common areas include Finnish sauna and fitness facility.
• Vily Chuchle Residential villa project in Prague 5, situated above Velká Chuchle near the Chuchle racetrack. The project offers quality modern housing with panoramic views of Prague and proximity to nature.
• Nový Opatov Large multifunctional urban development project in Jižní Město (Prague) with planned gross floor area of 165,000 m². Includes administrative spaces, shops, services, restaurants, and cafés, to be developed in phases.
• Nová Krč Multifunctional project in the Krč area near the new Metro D station Nemocnice Krč. Includes residential, administrative, and commercial functions, developed in collaboration with architectural studio Acht and Prague city authorities.
• Nádraží Krč Administrative center project at Krč railway station, part of the new Metro D line development. Includes three administrative buildings, P+R parking facilities (600 spaces), stream revitalization, and pond restoration.
• Sportovní Údolí Krč Sports and leisure development project along Kunratický creek, aimed at creating accessible sports and recreation facilities for Prague residents, including modernization of sports venues and creek revitalization.
• sklenka.cz Retail shop selling Czech and Slovak glass products from local glassworks. Founded during the COVID-19 pandemic, offering ecological, high value-added glass goods with unique design. Operates both a physical Prague 1 store and an e-commerce channel.
• REFLECTA Facility property and shopping center management Management and administration services delivered by REFLECTA Facility s.r.o., covering shopping centers developed by the parent company and entrusted third-party property portfolios in central Prague. Portfolio exceeds 40,000 m² of managed space, generating recurring management fees.

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Acht (architectural studio)coreStrategic or Co-development PartnerLeading architectural studio leading the Nová Krč project in collaboration with the City of Prague, Institute of Planning and Development (IPR), Prague 4 district, Dopravní podnik, and Metroprojekt.
• Hlavní město Praha (City of Prague)coreStrategic or Co-development PartnerThe City of Prague is a key partner in multifunctional development projects including Nová Krč and Nádraží Krč, coordinated with the new Metro D line.
• Institut plánování a rozvoje Prahy (IPR)coreStrategic or Co-development PartnerInstitute of Planning and Development of Prague is a strategic partner in Nová Krč and Nádraží Krč projects, providing urban planning expertise.
• Městská část Praha 4coreStrategic or Co-development PartnerPrague 4 district is a collaborative partner in the Nová Krč multifunctional project.
• Dopravní podnik hl. m. PrahycoreStrategic or Co-development PartnerPrague Transportation Company is a partner in the Nová Krč and Nádraží Krč projects, coordinating metro D line infrastructure with the developments.
• MetroprojektcoreTechnology or IntegrationMetroprojekt is a technical partner in the Nová Krč project, coordinating metro infrastructure with urban development.
• SYNER (construction company)minorImplementation/ SI/ Consulting PartnerConstruction company engaged for the Géčko Ostrava shopping centre project. Stavební práce (construction works) commenced in 2018 for the new shopping centre.
• Nordic InvestorsminorOthersSwedish real estate investment company that acquired NC Géčko Liberec as new owner in early 2016, with stated plans for the centre.

Scale indicators4 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• HB Reavis: Major Central European developer of office, retail, and mixed-use projects with historical Czech operations. Comparable multifunctional development capability at significantly larger scale.
• CPI Property Group: Largest Czech real estate group with extensive retail, office, residential, and hotel portfolios. Broad incumbent in the same Czech market, with substantially greater capital base and asset diversification than Reflecta.
• Skanska Reality: Czech arm of global developer Skanska, focused on residential and commercial development in Prague and other Czech cities. Comparable product mix but with the backing of a global construction and development platform.
• AFI Europe Czech Republic: Operates shopping centers and office properties across Central Europe including the Czech Republic. Overlaps with Reflecta's shopping center development and management activity but at larger scale and broader geographic footprint.

Direct peers

• Trigema: Major Czech residential and commercial developer active in Prague and other Czech cities, with experience in larger territorial and multifunctional projects. Comparable scale and product breadth to Reflecta's development pipeline.
• Lordship: CEE-focused shopping center developer and operator with Czech assets. Direct peer in the NC Géčko-style neighborhood shopping center category where Reflecta has its core retail development track record.
• SATPO: Prague-focused residential and multifunctional developer. Comparable to Reflecta's Prague-centric residential and mixed-use development strategy, including apartment sales and villa projects.
• Passerinvest: Prague-based developer best known for the BB Centrum mixed-use complex, combining office, retail, and residential functions. Direct comparable for Reflecta's multifunctional urban development approach in Prague.
• Central Group: Largest Czech residential developer headquartered in Prague, developing apartments and multifunctional projects across the Czech Republic. Directly comparable to Reflecta's residential and multifunctional development business, with similar geographic focus and product mix.

Emerging players

• Accolade Group: Industrial and logistics real estate developer across CEE including the Czech Republic. Operates in adjacent commercial real estate verticals with comparable Czech market focus and developer business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ReflectaDevelopment
• Xx.com/ReflectaD
• LinkedInlinkedin.com/company/reflecta-development

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reflecta Development