ARTICLES LABELLED WITH TAG Penta Real Estate

The Victoria Palace building on Vítězné Square in Prague has received valid building use approval. The project developed by Penta Real Estate and Kaprain has been designed with 92 high-end apartments and retail units on the ground floor. 

According to 2023 reports, PSN has booked 23 purchase contracts with a total value of over CZK 1.3 billion (€52 million). The largest part is represented by 15 apartment buildings.

Kaprain and Penta Real Estate have entered into a cooperation agreement to build on the former Howden ČKD factory site adjacent to the O2 arena. Penta has bought a 40% stake in the project, which will create a new centre of Prague's Vysočany and Libeň districts on a site of over 50,000 sqm, Kaprain announced.

Českomoravská nemovitostní has acquired a quarter stake in the Churchill Square office complex in Prague near the main railway station for CZK 1 billion (€41 million). It has thus become the majority owner of the complex. The seller was a holding from Lebanon, reports the daily e15.cz.

Penta Real Estate has begun construction works on a new office building in Bratislava‘s Chalupkova zone at the beginning of December, ASB reports.

Penta Real Estate is selling the fully occupied coworking centre "Base", which is part of the Churchill office complex in Prague 2, to Scott.Weber Workspace, a company continuing its expansion in the Prague flexible office market. Neither party would comment on the size of the deal, online daily newstream.cz reports.

The Czech Office for the Protection of Competition has allowed the investment group Penta to buy (through Penta Real Estate) the company ČSAD Praha Holding, which owns the Florenc bus terminal and adjacent land in the capital. The office announced this on its website. The companies did not disclose the price of the transaction, ČTK reports.

The Zleep Hotels brand continues its international growth in Europe with the opening of the new 166-room Zleep Hotel in Prague, Deutsche Hospitality's first hotel in the Czech Republic. The hotel opened its doors in the new Waltrovka quarter in the southwest of the Czech capital just a few minutes walk to Radlicka metro station

Penta Real Estate has acquired unused land in Florence from České dráhy for CZK 234 million (€9.565 million). A new district is to be built on the brownfield site near the main thoroughfare, which will seamlessly connect to two buildings near Masaryk railway station, newstream.cz reports.

The investment group Penta, which is developing the area around the Masaryk railway station in Prague, wants to buy ČSAD Praha Holding through Penta Real Estate. The company owns the Florenc bus station and the surrounding land. The merger is being assessed by the Office for the Protection of Competition (ÚOHS) in a so-called simplified procedure, and a decision will be issued within 20 days. The companies have not disclosed the price of the transaction. Penta also completed work on two nearby buildings called Masaryčka on Monday. The group's long-term intention is to unify the entire area by ownership, writes the daily e15.cz.