Following the grand opening of the Florentinum office building in Prague, the head of the Penta investment group, Marek Dospiva, revealed plans to redevelop the area surrounding the city’s Masaryk train station, including Na Florenci street, into a business zone. The project will offer a mix of office, retail and residential. Dospiva also wants to develop a transit connection between the railway station and the Prague airport. “We will push it through. I insist that in six years there will be trains running from Masaryk railway station to [the airport],” he told Hospodářské noviny. The project still needs to go through planning, which could take two years.
Florentinum, a 49,000 sqm office building with retail on the ground floor and a park, cost the investor CZK 4.4bn. The building is 75 percent occupied by companies such as EY, Havel & Holásek, DTZ and Penta. The development director, Petr Palička, believes occupancy will reach 80 percent by the end of 2014. The space leases at €18/sqm.
