The Chinese investor CEFC is reportedly close to acquiring the 50,000 sqm Florentinum business complex Penta built on Na Florenci street in Prague 1. Other bidders include Allianz Real Estate and FID Group, which is working on behalf of the Russian investor who owns Slovanský dům in Prague 1. Florentinum is expected to fetch around CZK 6bn, but the price could rise to CZK 8bn, according to the server idnes.cz. The transaction could close as soon as December. CEFC is expanding its Czech portfolio, having already acquired the Slavia football club, Lobkowicz brewery, Žďas machine works, the former Živnobanka building on Na Příkopě in Prague 1 and a share in J&T Finance and Médea group. Florentinum is Penta’s first large-scale development project. The company is now working on an ambitious Central Business District designed by Zaha Hadid for the area surrounding the Masaryk train station and Na Florenci.
