News Article Czech Republic office Penta Prague rent tenant
by Property Forum | Office

Penta Real Estate secured one of the largest office contracts in the Czech Republic in Q3 2022. Fio banka's headquarters will move to the Masaryčka office complex, designed by London-based architectural studio Zaha Hadid, in spring 2024, Seznamzprá reports.

According to the news portal Seznamzprá, Czech bank house Fio banka is in talks with the owner of the complex, Penta Group, which wants to move its own headquarters to the new building from nearby Florentinum. "Fio banka is the biggest tenant at Masarycka so far," Pavel Streblov, Penta Real Estate's director for commercial construction, confirmed to the news portal.

According to the spokesman, the main motive for the bank's relocation is the growth of the financial institution and increasing the number of employees. "So there is a need to relocate Fio Bank's head office. This is planned to happen in spring 2024. We definitely wanted to stay in the centre of Prague and the decision fell on Masarycka, which we can see from the windows of the current premises and is practically just across the street," said Fio banka spokesman Jakub Heřmánek.

The office centre, which is being built at the cost of CZK 2.5 billion (over €102 million) according to a design by London-based architectural studio Zaha Hadid, is to be full of technological gadgets and Penta plans to complete it next year.  Fio banka is expected to lease about 5,400 sqm of office space there.