Central European developer Penta Real Estate has transitioned into an international platform following its expansion into the London market, prompting an update of its executive leadership.
David Musil, who has been with the firm for 18 years, has been appointed CEO of Penta Real Estate Group. Under the new holding structure, Michal Pindroch continues as Group CFO, whilst Rudolf Vacek takes over management of the Prague office. Michal Rehak retains leadership of Slovak operations, and Pavel Streblov has been appointed to head the UK expansion.
The group currently manages more than 40 projects, with 15 projects under construction this year.
Marek Dospiva, Partner and Co-Founder of Penta Investments, said: "We have grown not only in the Czech and Slovak markets but have also expanded into the UK market in London, with plans to enter a fourth market. This naturally led us to strengthen our leadership at the holding level."
Musil added: "Our ambition is to grow organically in our home markets while continuing to expand internationally. At the same time, we want to transfer 20 years of know-how from Prague and Bratislava into London."
