Penta invites architects to compete in Prague

15
Nov
2024
News - Penta invites architects to compete in Prague #Czech Republic #investment #office #Penta Real Estate #Prague #residential

by Property Forum | Investment

The transformation of Prague's Florenc quarter is progressing to the next phase. Penta Real Estate, in cooperation with the capital city of Prague and the city districts of Prague 1 and Prague 8, has announced four international architectural competitions for four blocks in the area between the highway and the Prague-Florenc bus station.


In 2021, an international urban planning competition was held for this area, the winner of which was the team of UNIT architects, A69 - architects and Marko&Placemakers. The regulatory drawing for this area envisages the creation of two main pedestrian streets connecting Nové Město, Karlín and Žižkov in the places where the main road and the Negrelli Viaduct pass.

"Three years ago, the Florenc21 urban planning competition showed the way out of a complex situation of mutual mistrust and managed to set up a process in which all key actors were heard. The result of the competition Florenc21 is a widely respected urban design, which we can now follow up on a more detailed scale. I believe that the atmosphere of mutual respect and the effort to design a truly functioning district will also be reflected in the quality of the architecture that will emerge from the just-announced competitions," said Petr Hlaváček, Deputy Mayor of Prague.

Architectural teams from all over the world can apply for the competitions until December 13, 2024. The jury will then select six to eight participants for each competition based on the idea concept, reference projects and the experience of the applicant team. The winning proposals will be announced in autumn 2025. 

The individual blocks have different sizes and different functional uses. Overall up to 85,000 sqm of HPP will be newly created in the area. More than half will be used for housing, 20% for offices, a similar proportion of space for retail and services, and the rest 4% will be occupied by the hotel.

The competitions will run concurrently and will have one common jury. "I have the honour of leading a jury composed of distinguished colleagues from various corners of Europe. The competition specification formulates expectations of high architectural quality from the investor and the city of Prague. From an architectural point of view as well as from the point of view of sustainable approaches, we are all looking forward to being able to evaluate and find the best solution for each of the new houses," said the world-renowned architect Stefan Behnisch, who was elected chairman of the jury. The independent part of the jury will also include Italian Maria Alessandra Segantini, Dutch Kees Christiaanse, Lithuanian Gilma Teodora Gylyte, and the Czech Architecture Prize winner Štepán Valouch.




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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