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    Trei Opens 29th Vendo Park in Poland

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    Skanska Signs Large Lease in the Nowy Rynek Office Complex in Poland

    Echo Investment Divests Three Office Buildings in Poland

    Echo Investment Divests Three Office Buildings in Poland

    Impact Completes Luxuria Residence in Bucharest

    Impact Completes Luxuria Residence in Bucharest

    Penta Real Estate and PSN Announce Project to Replace Former Transgas Building in Prague

    Penta Real Estate and PSN Announce Project to Replace Former Transgas Building in Prague

    Accolade Announces New Project in Sulechow

    Accolade Announces New Project in Sulechow

    One United Properties Announces the Handover of One Cotroceni Park Phase I

    One United Properties Announces the Handover of One Cotroceni Park Phase I

    White Star Logistics to Build New Park in Torun

    White Star Logistics to Build New Park in Torun

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Home Countries Czech Republic

Penta Real Estate & Partners Acquire Development Land in Prague 6

Irina Negoita by Irina Negoita
November 4, 2021
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Penta Real Estate & Partners Acquire Development Land in Prague 6
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On November 2, 2021, Penta Real Estate together with partners from Kaprain Group and Sekyra Group, purchased a plot from the University of Chemistry and Technology in Prague (VSCHT) in the Western part of Vitezne Square in Prague 6.

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The land plot was just over 20,000 square meters and the sale amounted to EUR 39 million (CZK 1 billion). The developers anticipate implementation by 2028 and wish to build a mixed-use project with offices taking up the majority of space, in addition to retail areas and apartments.

According to the company, once the construction in Vitezne square is finalized, the urban concept of the new solution for the North-West city designed by Antonin Engel in the 1920s would be fulfilled.

“This is definitely one of the most interesting spots in Prague, and we would like to organize an international competition with regards to this multifunctional development concept, with abundance of greenery and communal space. Prague itself is an attractive location for architects, and with the completion of the construction in Vitezne square we can expect first class results,” commented Pavel Streblov, Penta commercial business director.

 

Tags: Kaprain GroupPenta Real EstateSekyra Group
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Irina Negoita

Irina Negoita

Irina is an international business journalist with ten years of experience across several geographies, and writing for renowned publications including IHS, UBM, or S&P Platts, among others. She holds a BA in International Affairs and Communications from Vesalius College in Brussels, and an MSc in Crime Science from UCL in London.

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