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Prague's Hybernská street: Penta Introduces Its Third Project at the Masaryčka Train Station

Prague-based developer company Penta Real Estate recently completed the construction of the Masaryčka building, located next to Masaryk Railway Station. However, their ambitions for the development of this part of the city do not end there. On the other side of the station, in Hybernská Street, the company is finalizing the hotel “The Cloud One”. The latest project involves the conversion of the neighboring former post office building, which Penta acquired from the Czech Post in 2022 for 220 million Czech CZK.

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Amadeus Real Estate has a valid planning permission for a new district in the centre of Pilsen

Developer Ameside a.s. from the Prague-based Amadeus Real group has a final planning permission for a new urban district in the centre of Pilsen. It wants to build it for CZK 8 billion between 2025 and 2028 on the site of the former House of Culture, which was demolished 11 years ago. The company already had a zoning permit from the Pilsen building authority, but the Brno-based environmental association Děti Země (Children of the Earth) appealed against it. However, the regional department of regional development has now described the verdict of the building authority as legal and factually correct. This is evident from the official board of the regional authority, which posted the decision on 3 October. It will be on the official board for 15 days, after which the developer can apply for a building permit.

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