News

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.

New office palace will revive Hybernská Street

A new city palace with the ambition to turn Hybernská Street into a lively city boulevard and awaken it after many years of a dull atmosphere.

CPI Group to sell additional properties in the centre of Prague

CPI Property Group (CPIPG), the real estate company of Czech billionaire Radovan Vitek, will sell the historic insurance building in Spálená Street in the centre of Prague. The deal for almost CZK 1 billion is expected to be completed in the next few days, e15.cz reported.

Economia moves from Karlín to Holešovice

The media house Economia will move from Karlín to the premises of Port7, Skanska's latest project on the reconstructed Vltava embankment in Prague Holešovice.

Penta Real Estate sells Prague coworking centre Base4Work to Scott.Weber

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.

Czech branch of Société Générale sells properties for more than €142 million

One of the largest Czech banks, Komerční banka, is selling one of its buildings at 42 Wenceslas Square. However, neither the price of the transaction nor the new owner has been disclosed yet. The transaction was first reported by the online daily newstream.cz.

Crestyl allowed to continue with construction. The new Savarin project will open next year.

Crestyl's Savarin project has been given the green light after more than a year. A new entrance to the metro will be built here, but the location of the Slavonic Epic is still uncertain.

Rohan island will be divided by big developers. Sekyra Group and J&T are buying land.

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.