Penta secures large lease for Prague office project

31
Oct
2022
News - Penta secures large lease for Prague office project #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, Seznamzprávy.cz reports.


According to the news portal Seznamzprávy.cz, 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.




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New leases

  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.
  • Primark will launch its first retail location in Craiova in early June. The 3,185 sqm store will be situated within ElectroPutere Mall and marks the retailer’s fifth unit in Romania.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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