ARTICLES LABELLED WITH TAG Penta Real Estate

The Žižkov freight station is one of the largest brownfields and one of the key development zones in Prague, with an area of around 30 hectares. Penta Real Estate has now bought land in the northern part of the railway station from Czech Railways for CZK 731 million (€30 million), reports E15.cz.

Development companies Penta Real Estate, Engine Prague Development (EPD), and the investment fund RSJ Investments Sicav are jointly acquiring K1 Investment and Argo Alpha. The transaction is under review by the Czech Competition Authority (ÚOHS), which announced the case on its website, E15.cz reports.

Penta Real Estate and Bureš & partners have established a joint venture called Flet, with an aspiration to change the standard for rental housing in the Czech Republic.

The sale of the Bory Mall shopping and entertainment centre from Penta Real Estate's portfolio has been completed. The transaction has been approved by the Antimonopoly Office of the Slovak Republic, thus completing a process that took more than a year.

Abandoned industrial areas and railway stations in Prague are being transformed into modern districts for tens of thousands of residents. These are the five largest projects under construction in the metropolis, reports seznamzpravy.cz.

While interest in housing and residential projects has remained high, the office segment in Bratislava is in a certain slump. The Slovak Spectator's compiled ranking of the largest office developers in Slovakia has been brought by SME.sk.

Penta Real Estate has completed and handed over a residential building with 54 apartments for long-term rental housing in the area of Waltrovka Pod Vidoulí in Prague. It has been built on a turnkey basis for the XPlace platform, which is operated by the Archbishopric of Prague. 

The Czech headquarters of the American Citi are soon moving to Nova Waltrovka in Prague. The bank will occupy new premises in the Metalica building from Penta Real Estate.

157 studios from 33 countries in Europe, America and Asia have applied to the competition for the revitalisation of a brownfield and the construction of new city blocks in Prague's Florenc. An international jury led by renowned German architect Stefan Behnisch has selected the advancing teams of four concurrent architectural competitions. 

On the right bank of the Danube, new neighbourhood developments have been underway for several years. JTRE is preparing the Nové Lido and Penta Real Estate the Southbank project. For their plans to become a reality,  the city councillors need to give the green light to change the city's master plan and swap city land. As dennikN.sk reports, both proposals have eventually received support.