Penta proceeds with revitalisation of Masaryk area

06
Feb
2025
News - Penta proceeds with revitalisation of Masaryk area #Czech Republic #hotel #Penta Real Estate #Prague

by Property Forum | Hotel

The revitalisation of the surroundings of Masaryk station by Penta Real Estate is moving to the next stage. The focus of action is now directed to the south side, to Hybernská Street. 


Completed last year, The Cloud One Prague hotel with 382 rooms, now with a BREEAM Outstanding Certificate, is fully booked, and all business spaces in the atrium of the hotel have new tenants. In the autumn of last year, a new fitness centre of the Max Fitness franchise, which is rapidly expanding throughout Prague, opened here. The Asian restaurant Sumi Garden will also open a new branch here this year. The next tenant will be Edison Filmhub, a concept that combines a cinema with a cafe. It will focus on events related to film festivals, but will also be available for conferences and other public events.

The shopping arcade of Masaryk station along Hybernská Street has undergone sensitive reconstruction. New or renovated shops have gradually opened here, for example, a new branch of the Knihy Dobrovský bookstore before Christmas, and a new branch of the Paul cafe chain will open in the main hall of the railway station this year.

The conversion of the partially protected building of the former post office will also have a positive effect on the events in Hybernská street. "This is a technically demanding construction - in addition to the requirements for heritage protection, we also have to deal with the underground collectors or the former castle drainage. If everything goes well, we would like to start work on the building at the end of this year," says Luboš Bóga, Project Manager at Penta Real Estate.

Hybernská Street is heavily loaded with car traffic, at the same time it leads to one of the most complex and traffic-dangerous intersections in the city – U Bulhara. After the completion of the Masaryk station roof, a much stronger pedestrian movement can be expected between the Main Railway Station, Opletalová and Hybernská streets and Florenc. "We are part of working groups that deal with, or have dealt with, options for calming traffic. A wide sidewalk with a new line of trees was created along The Cloud One hotel. There is a new public parking lot behind the hotel building and under the highway, including the possibility to charge electric cars," adds Rudolf Vacek, Development Director at Penta Real Estate.




Latest news


New leases

  • International retailer MR.DIY has joined the tenant mix of the Plejada Shopping Centre in Sosnowiec. Its new 700 sqm store will significantly enhance the shopping centre’s offering of household products and everyday essentials. Cushman & Wakefield is responsible for the leasing and comprehensive management of the property.
  • Hotspot Workhub, the flexible workspace operator, has renewed and expanded its presence within The Mark office building, owned by CPI Property Group. The lease deal for 2,550 sqm was brokered by iO Partners Romania.
  • Foundever has doubled its footprint to 3,500 sqm within the Bucharest-based Campus 6.3 office building, owned by CPI Romania. Cushman & Wakefield Echinox brokered the deal.

New appointments

  • 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.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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