Reconstruction of Prague's Masaryk station to cost €138 million

21
Dec
2023
News - Reconstruction of Prague's Masaryk station to cost €138 million #Czech Republic #Prague #railway #rekonstrukce #transaction

by Property Forum | Economy

The reconstruction of the Masaryk railway station in Prague will be done for the Railway Administration (SŽ) for approximately CZK 3.39 billion (€138.5 million) by Strabag Rail and Strabag, which were successful in the tender. ČTK was informed about this by SŽ spokeswoman Nela Eberl Friebová. During the reconstruction, a platform will be built above the track, a better connection with Florence will be created and trains will be able to run on nine tracks instead of the current seven. SŽ also plans to reconstruct the Smíchov and Main Railway Stations in Prague, writes ČTK.


Work will start at the beginning of 2023. The station will continue to operate even during the reconstruction and trains will continue to stop there with partial restrictions. After the reconstruction, Prague's oldest station will be barrier-free and a new roof will connect Florenc with Hybernská Street and the main station. Escalators, staircases and lifts will lead from the upper floor to individual platforms. There will also be a new vestibule for waiting passengers.

"Part of the platform will be planted with greenery, creating a quiet zone right in the centre of the metropolis," said Eberl Friebová. The historic station from the mid-19th century will retain its original character while offering passengers greater comfort. The entire track, all technologies, catenary and power supply will also be renovated. SŽ will receive part of the money for the work from European funds.

SŽ has also recently announced two tenders concerning the reconstruction of the Smíchov railway station. The first tender includes the reconstruction of the station, including the repair of platforms, the creation of one new platform and the repair of underpasses. A footbridge over the railway will also be built to connect Smíchov, Radlice and the Smíchov City district under construction between the station and the Na Knížecí area. SŽ announced the tender in August with an estimated value of CZK 5.2 billion ( €220.4 million). In addition, last week it also announced a public tender for the development of a project for the reconstruction and extension of the Smíchov station building.

The reconstruction of the new main station concourse is also planned. SŽ, together with the Prague City Hall and the transport company, announced an architectural competition for the reconstruction of the hall, the adaptation of Vrchlického Sady and the design of the planned tram line from Vinohradská to Bolzanova Street, in which the Danish studio Henning Larsen Architects was successful. The winning design subsequently attracted criticism because it envisages the removal of a large part of the hall.




Latest news


New leases

  • Jack & Jones has leased 310 sqm for a new store at Promenada Sibiu, owned by NEPI Rockcastle.
  • Palas Campus, Romania's largest office building, is set to host the new regional hub for BCR starting this autumn. The HQ will occupy a surface area of approximately 1,000 sqm and will serve clients from the local county and adjacent regions.
  • Teva Pharmaceuticals has relocated its offices to Budapest-based Corvin Skypark. The deal covering 653 sqm was brokered by iO Partners.

New appointments

  • 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.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.


Latest news

News - Alides and Revive sell Imperial Shipyard site to Develia
03
Apr
2026

Alides and Revive sell Imperial Shipyard site to Develia

by Property Forum
Alides and Revive, the two Belgian developers behind Gdansk Development Holding, have signed a preliminary agreement for the sale of 100% of shares in Stocznia Cesarska Development to Develia, one of Poland's residential developers.
Read more >
News - Logicor reaches full occupancy at Alligator Park in Budaörs
02
Apr
2026

Logicor reaches full occupancy at Alligator Park in Budaörs

by Property Forum
Logistics developer Logicor has signed a new lease agreement with CHS, a Hungarian IT distribution company, for 5,580 sqm of warehouse space at Logicor Alligator Park in Budaörs, bringing the property to 100% occupancy.
Read more >
News - Fiege expands 21,000 sqm across three Panattoni parks
02
Apr
2026

Fiege expands 21,000 sqm across three Panattoni parks

by Property Forum
Panattoni and Fiege are expanding their partnership in western Poland through new agreements covering lease extensions and expansions at three sites: Panattoni Park Goleńiów I, Panattoni Park Zielona Góra I and Panattoni Park Gorzów I. The total additional space leased by Fiege amounts to nearly 21,000 sqm.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy