PPF filed a lawsuit against Prague 6 regarding the land at Vítězné náměstí

The council tasked a law firm with collecting a debt that reportedly exceeds ten million crowns. "Given that the company is unwilling to pay even after repeated negotiations, there is no other way than to legally pursue the debt," Kolář told ČTK. However, the investor sees the situation differently. "The existing contract for the establishment of an easement assumed that the project would already be realized by this time. Unfortunately, that is not the case, yet the company Vítězné náměstí has already paid nearly 31 million crowns in rent over the past years," stated the spokesperson for Vítězné náměstí a.s., Miroslav Beneš.

The location of the controversial building in Dejvice has been a topic of heated discussion for several years. The design by architect Radan Hubička provokes mixed reactions from the public and experts. Some time ago, the Prague magistrate annulled the zoning decision. According to them, the project does not comply with the zoning plan and heritage protection requirements. The investor was also unsuccessful with a cassation complaint. Additionally, last year, the Ministry of Culture revoked the positive assessment from the magistrate's conservationists, considering such a large construction unacceptable. Under such circumstances, the Polar Bear is unlikely to be built in Vítězné náměstí.

The multifunctional building was meant to complete the currently open block of houses, fundamentally altering the appearance of the square. The investor argues that the construction would bring new services for residents alongside administrative spaces. Opponents, however, point to the size of the planned building. Civic associations and the opposition also criticize politicians for past decisions regarding the municipal land, where the city hall, instead of the previously planned town hall building, decided to collaborate with a private investor to construct a commercial building. Ultimately, Prague 6 abandoned its participation in the project. However, the investor of the Polar Bear retained a preemptive right to the land.

The richest Czech, Petr Kellner, who is behind the PPF group, is preparing other significant construction projects in Prague. The most attention has been drawn to the demolition of the Hotel Praha and the planned construction of a school, coincidentally also in Dejvice, near Vítězné náměstí. Among other plans, Kellner aims to build the tallest Czech skyscraper in Chodov.