Developer Penta Real Estate will have a new Managing Director for the Czech Republic effective July 1, 2024. David Musil – a long-time colleague and close associate of the current head of the company, Petr PaliÄka, who has managed the company since its establishment 17 years ago – will become the new head of the company. Under his leadership, Penta Real Estate has become a leader in the commercial real estate market and one of the main residential developers in Prague.
“Petr PaliÄka joined Penta 17 years ago as a very experienced manager. From nothing he built a company that is now a market leader, changing the face of the city for the better, building admired and valued buildings and being a trusted partner for the city and the authorities. There are few people with such a career in the Czech real estate market. I thank him very much for everything he has done for us,” says Marek Dospiva, founder and partner of Penta Group.
“Petr is the best boss I have ever had and one of my closest colleagues and friends. It was a great school and experience to work together. It will be a challenge to take Penta Real Estate even higher than where Petr has taken it in recent years, but I had the best teacher,” says David Musil, Penta Real Estate’s new Managing Director for the Czech Republic.
“I am very happy that I got the chance to not only be involved in the creation of buildings like Florentinum, Masarycka, Churchill or Victoria Palace. With the support of the Penta Group behind me, I had the opportunity to transform entire large areas such as Waltrovka, Churchill Square, the Masaryk Reservoir area or VĆtÄznĆ© nĆ”mÄstĆ. However, all this would not have been possible without the support of Penta’s partners and especially the entire Penta Real Estate team. Thanks to all of them,” says Petr PaliÄka.
