Skanska Reality a.s. is a residential development company operating in Prague and closely linked to the global Skanska Group, which originated in Sweden in 1887. The Czech presence began in 2000 when Skanska AB acquired a controlling stake in IPS, a major Czech construction company. Since entering the market, Skanska Reality has focused on developing residential areas in and around Prague, creating over 8,000 new homes for approximately 21,000 residents.
The company is part of the Residential Development Poland and the Czech Republic group, maintaining a distinct structure from its sister entities active in office and retail developments. It employs practices emphasizing environmental management and civic participation, promoting collaboration with the public during both planning and construction phases of its projects.
Skanska Reality a.s. has been a driver in sustainable residential construction, with four of its Prague projects meeting BREEAM standards—an international measure for sustainable building. Current examples include the Čertův vršek and Biodiversity projects, both designed to integrate green spaces and community amenities.
The company’s scope includes not just development and building of residences but also urban infrastructure and neighborhood planning. Its activities have shaped large parts of contemporary Prague’s residential landscape, reflecting an approach that balances commercial development with considerations for long-term social and environmental impacts. The parent Skanska Group remains one of the world's largest development companies, but Skanska Reality’s focus is local, transforming Prague’s urban environment from within.