Several big new hotels are to be open in Prague in the next few years. Most of them will be operated by multinational chains and most of them will be the reconstructions of historical sites, except only two new of them that are planned by Penta Investments. For one of them, Penta obtained a €38.5 million loan from the Komerční banka, writes E15.cz.
Penta Group has expanded its real estate portfolio in the centre of Prague by another building. In an e-auction, Penta was the only bidder to acquire the former post office building at Masaryk railway station in Hybernská Street for a bid price of CZK 220 million. Now the contract will be signed and the price will be paid. Both parties to the transaction have confirmed it to the Czech Press Agency.
Penta Real Estate is planning a new development on the banks of the Danube in Bratislava. Therefore, the company has acquired land from HB Reavis with a total area of 85,000 sqm. The price of the transaction was not disclosed. The new acquisition was reported by news portal Trend, which is part of the NMH publishing house owned by Penta Investments.
Penta Investments group has sold a building plot of 6,500 square meters in Warsaw for almost €25 million. The plot in the Wola district was bought by Lincoln Property Company together with the investment group ENERN. They plan to build an office building with 30,000 meters of leasable area on a plot with the availability of public transport.
Penta Real Estate has sold the Churchill Square office complex near Prague’s main railway station for more than €150 million (CZK 4 billion) to Českomoravská Nemovitostní and Corporate Finance House Group. This is the largest office transaction on the Czech investment market this year. The acquisition was financed by German bank Helaba.
Penta Real Estate has obtained a zoning decision which means that it can apply for a building permit for its Masaryk station mixed-use reconstruction project in the centre of Prague. Based on the design of Zaha Hadid Architects, the project has been in the works for over a decade. Completion is planned for 2022-2025.
Since the start of this year, Penta Real Estate has closed the sale of three office buildings in its portfolio. After selling Rosum in Bratislava, the company completed a transaction in Poland within a single month by selling the office complex D48 and the office building BCT1 in Košice.
Penta Real estate has submitted a building permit application to the Warsaw city council for the development of a new office project in the city’s Wola district, at the intersection of Miedziana and Pańska Streets. The developer acquired the 0.63 ha site in 2015 for PLN 50 million.
Penta Real Estate has sold the Business Centrum Tesla 2 office building project in Košice to Austrian company European City Estates. BCT 2 provides 14,600 square meters of office space. The largest tenants are T-Systems Slovakia, Deloitte, Diebold-Nixdorf and Colonnade. On the seller side, the transaction was advised by JLL. The purchase price was not disclosed upon agreement between the parties.
The Access Group, the UK provider of business management software, has leased 4,200 sqm of office space in Iulius Town Timișoara. More than 400 specialists work in the Global Operation Center based in United Business Center 0, and the company plans to double the number of tech specialists by the end of this year.
Centrumrowerowe.pl is opening a stationary shop in Warsaw. The shop will be located in the CH Okęcie Park and will be launched on 1 April. It is to have as much as 2,700 sqm of floor space.
Intive global tech company has let 62 workstations in the flexible Myhive office in Myhive Crown Tower (Warsaw), belonging to CPI Property Group. Savills and Workthere assisted with the transaction.
New appointments
CPI Property Group is expanding its retail leasing department. Dariusz Kafara has been appointed as the new Leasing Manager. At the Warsaw branch of the company, Dariusz is responsible for maintaining the maximum level of commercialisation in two retail park chains from the group's portfolio - CityMarket and STOP SHOP.
Brian Nyeng Olesen, formerly head of commercial at the Salling Group, has been appointed as the new managing director of Netto Polska. The position was previously held by Hugo Mesquita.
M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.
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