Penta completes Zaha Hadid-designed building in Prague

06
Sep
2023
News - Penta completes Zaha Hadid-designed building in Prague #Czech Republic #office #Penta #Prague

by Property Forum | Office

The office building in the very centre of Prague, Masaryčka, which bears the personal handwriting of the world-famous architect Zaha Hadid, has been duly approved. The new building, which was built by Penta Real Estate, is now being occupied by its first tenants.


"We have come a very long way. It took more than six years to publicly discuss all the comments on the construction and transformation of the surroundings of Masaryk Station. The construction itself took more than 2 years. Prague is getting a world-class building, both in terms of quality architecture, technical design, and sustainability," said Petr Palička, Director of Penta Real Estate for the Czech Republic.

The building has attracted public attention since the first designs from Zaha Hadid's pen. It was completely different from ordinary office buildings with its bold golden façade, organic architecture, as well as generous public spaces around the building. Masaryčka is built to the highest energy performance standard for buildings - LEED Platinum. This certification assesses the impact on the surrounding area, water and energy consumption, materials used, indoor environmental quality, and the user qualities required to work efficiently.

The entire building and its immediate surroundings have an extensive water retention system that will serve to irrigate a large amount of greenery on the roofs and terraces of both buildings, including the new tree planting in Na Florenci Street. The site already has the most greenery in the last 100 years. In order for the retention system to be fully constructed, a general reconstruction of Na Florenci Street was necessary, including the relocation of the networks to the new collector. The Masarycka building and its surroundings will also be complemented by a series of art installations.

The majority of the building therefore found its tenants long before completion. In addition to Penta Real Estate itself, it will also be the headquarters of Fio Bank, Veolia, and BCG (Boston Consulting Group). A number of restaurants and cafés will be gradually opening on the ground floor of the building. The New York Times recently ranked the building as one of the attractive tourist destinations that visitors to Prague should not miss. 




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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