Geosan Development has announced the appointment of Radoslav Rachač as its new Director and Managing Director. Rachač, 49, has been with the company since 2005 and steps into this role from his previous position as Chief Financial Officer and Managing Director, a post he held since 2014. Over his two decades at Geosan Development, Rachač has played a central role in managing the company’s financial operations, including project financing, accounting, acquisitions, and liaison with banks and government authorities. In his new role, he will assume broader responsibilities, including strategic planning and operational oversight. Reflecting on his appointment, Rachač stated: “After twenty years with Geosan Development, I’ve had the opportunity to be part of the company’s evolution and key milestones. Geosan has a solid position in the Prague residential market, and I look forward to building on what we’ve accomplished—enhancing our operational efficiency and advancing both project development and our relationships with partners, particularly our clients.” Rachač holds a university degree in economics and brings 25 years of experience in financial and corporate management. Before joining Geosan, he served as Financial Director at Charouz Holding and later at JRC, a leader in the gaming retail sector. He is fluent in English and enjoys spending time with his family, engaging in sports, gardening, travelling, and exploring local breweries. Geosan Development has been active in the Czech residential real estate market since 1998, delivering 22 buildings with nearly 2,350 apartments. Current projects include Rezidence Radimova and Re.Start Petynka in Prague 6, and Benkova Rezidence in Prague’s Chodov district. The company also plans to develop over 1,500 apartments in central Prague, currently in various planning stages. Outside the capital, Geosan is progressing with residential plots in Choťánky near Poděbrady. In 2018, it expanded into office properties with the acquisition of Nagano Park in Prague 3, comprising 26,000 sqm of leasable space.