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.




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  • Jack & Jones has leased 310 sqm for a new store at Promenada Sibiu, owned by NEPI Rockcastle.

New appointments

  • Colliers Hungary has appointed Balint Laszlo as Director and Head of Design & Build. Laszlo brings over a decade of expertise in technical project management and fit-out execution, with a specific focus on the office and industrial sectors. He previously served as Head of Fit Out at Futureal Group, where he managed project execution, technical delivery, and cross-functional collaboration. His professional background also includes site management and commercial leadership roles.
  • NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.
  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.


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