ARTICLES LABELLED WITH TAG Penta Real Estate

Penta Real Estate plans to diversify its real estate portfolio and is preparing for further expansion within Europe. It wants to establish a real estate fund for this purpose, as Marek Dospiva, co-owner of the group, revealed to E15.cz

Penta Real Estate has secured a bank loan of €74 million, or over CZK 1.8 billion, from two banks, ČSOB and Česká spořitelna, for the construction of the office part of the Nová Waltrovka project in Prague's Radlice district, the Czech News Agency reported.

Penta Real Estate has bought 4.5 hectares of the land in Bratislava Nové Město district. The developer became the owner of this property in the bankruptcy proceeding in August this year. The price of the transaction was not published, the web portal TRENDreality.sk reports.

The fifth stage of the Bory Housing residential project is being prepared in the newly emerging Bory district in the northwest of Bratislava. This week the documentation for the Environmental Impact Assessment (EIA) was submitted. At the same time, documents for obtaining a zoning decision are being prepared. The fifth stage will bring 366 apartments to the site with construction expected to start in the first half of 2024, the developer announced this week.

Penta Real Estate has sold three real estate projects in Bratislava. The buyer is former Penta co-owner Jozef Oravkin, who left the group at the end of 2021 to set up his development and investment company, Penta announced in a press release.

Brno-based investment group Portiva has acquired the SmíchOFF office building in Prague from Penta Real Estate for more than CZK 1 billion, the new owner announced on its website. The acquisition of the premium LEED Gold-certified commercial property represents another step for Portiva Group in fulfilling its vision of growth through a balanced mix of quality acquisitions.

A consortium of Penta Real Estate, Kaprain Group and Sekyra Group has acquired a land plot of 20,122 sqm from the University of Chemistry and Technology (VŠCHT) in the western part of Vítězné náměstí in Prague 6 for over €39 million (CZK 1 billion), Penta announced in a press release.

Masaryčka and Nová Waltrovka, two office buildings that are currently being developed in Prague by Penta Real Estate, will offer the technology solutions of local proptech Sharry.

The Nuselský pivovar (Nusle Brewery) residential project in Prague 4 has received a building permit, developer Penta Real Estate announced. Following the completion of demolition works, excavation works have now begun. 

Travel restrictions and the inability to meet in person have caused a lot of headache for many market players but in many cases, it also provided certain types of investors with an advantage. Pavel Streblov, Business Director at Penta Real Estate talked to Property Forum about the company’s development and investment strategy and shared his expectations for the year ahead.