I came across Redstone while researching Central European property funds for a report, and that line of his stuck with me, projects that will outlive us. He founded the group in 2015 and by all accounts kept expanding it right up to the end. A serious loss for Olomouc's business community.
Their story
Richard Moravek was a Czech entrepreneur, developer and investor who reshaped parts of Olomouc and carried his Redstone group into Pardubice, Prague and beyond. He died in Olomouc on September 17, 2026, at the age of 56, after a serious head injury suffered on holiday in Spain earlier that summer.…
Richard Moravek was a Czech entrepreneur, developer and investor who reshaped parts of Olomouc and carried his Redstone group into Pardubice, Prague and beyond. He died in Olomouc on September 17, 2026, at the age of 56, after a serious head injury suffered on holiday in Spain earlier that summer.
Born on March 26, 1970, in Zabreh, he grew up in Mohelnice and Olomouc and studied at Gymnazium Jana Opletala in Litovel. He began business in 1992 in food wholesale, importing Thai goods including pineapple, before turning to property when supermarket chains squeezed the wholesale trade. With partners he helped build Galerie Santovka on a former industrial site beside the Mlynsky potok, opening the shopping centre in 2013. The mall became the largest in the Olomouc Region and won Stavba roku 2014. In 2015 he founded Redstone, which grew into one of the more visible Czech development groups.
Under his lead Redstone pursued Santovka Living, Envelopa Office Center, the long debated Santovka Tower and District plans, Galerie Pernerka in Pardubice, Prague assets through the Max Realitni fund, student housing, and Senatorium long term care beds opened in 2025. Moravek cast himself as an Olomouc patriot who wanted whole districts to work for decades, not only single buildings. Forbes Czech coverage once put his assets near 11 billion crowns.
He also backed sport and culture. Redstone supported BK Olomoucko basketball and other clubs. He served about a decade as a vice chair of the Czech Bowling Association, helped found Divadlo na Santovce, and restored Fort XX in Krelov as a meeting place for concerts and charity. With his wife Helena he co founded the Helena Moravek Foundation in 2019 to aid families in hard circumstances. In 2019 he and sommelier Vit Bartosek acquired Chateau Escot in Bordeaux, a project he described as needing the same patience as development. He walked the Camino from Porto to Santiago and spoke often of wine, cooking and travel.
Some of his early deals and the Santovka Tower fight drew sharp criticism over heritage, ecology and city contracts. Supporters pointed to finished places thousands use daily. He is survived by his wife Helena, three children and five grandchildren. Redstone said its management would continue operations and asked the public to respect the family's privacy.
Biography adapted from Czech Wikipedia; REDSTONE Group statement; Aktuale.cz/CTK; iPrerovsko.cz; Olomoucky denik.
In their own words
“We will create projects that will outlive us and bring added value.”
Comment by Moravek, recalled after his death by iPrerovsko.cz
“Courage and self confidence.”
His answer when asked what Olomouc lacked
“We want to assure our investors, business partners and clients that the Redstone group continues its activities in the usual way.”
REDSTONE Group statement after his death

Same, 56 is nothing. Sorry for your loss too even secondhand.