White spot on Prague's map to be released for further development

21
Jun
2024
News - White spot on Prague's map to be released for further development #Czech Republic #investment #IPR #Penta RE #Prague #report

by Property Forum | Report

At their recent session, the Prague councillors agreed to the amendment of the zoning master plan concerning the space of railway tracks of the Main Railway Station. The possibility of construction in this important city location has not been defined at all so far. With this step, the city is planning to retain full control over future construction.


The master plan of Prague lists the land of the rail yard only as a "white spot on the map", there are no parameters for possible future construction. Until now, the master plan was based on the assumption that construction above the railway track is technically impossible. But that no longer applies in the 21st century. New construction is being built above the tracks and in their proximity in many European and world capitals. The possibility of building above the railway tracks has been discussed at the professional level for several decades, comprehensive studies were created by architect Karel Prager, and in the recent past by a team led by Jakub Cigler at the initiative of IPR Prague. It is a strategic area in the centre of the city. For many decades it has been an obstacle to the city's development and free movement between Prague 1, 2 and 3, and architects have also been puzzling over it.

This is changing now by the initiative of CR-City a.s., which holds the rights to any future construction. It is a joint venture of Czech Railways, SUDOP Group and Penta Real Estate. The initiative has already passed in April (without major objections) by the committee for territorial development of the city and last week by the City Council, this week by the City Parliament. Now other municipal departments will be involved, a steering group will probably be created for all issues surrounding the development of the territory. In the time of 6 – 12 months, it will probably be headed for an assignment for a large international urban planning competition.

"There is a consensus among all the main parties, including the capital city of Prague or the Ministry of Transport, that this important location cannot remain just a white spot on the map. It is necessary to carefully consider and coordinate all the interests concerning this area, the capacity of railway transport, facilities and services for passengers, connections to the new metro, city highway and better connection of Prague 1, 2 and 3," says Rudolf Vacek, Development Director at Penta Real Estate.

For Penta Real Estate, this is not the first such dialogue with the city and other important players, it has already completed two large and successful urban planning competitions, for the Florence area and to complete Vítězné náměstí in Prague 6.




Latest news


New leases

  • BearingPoint has relocated its Bucharest office to Vastint’s Timpuri Noi Square, in a deal brokered by Griffes.
  • Lagardère Travel Retail has renewed its 2,300 sqm office lease for its HQ at the Bucharest-based Globalworth Campus, in a deal brokered by Cushman & Wakefield Echinox.
  • Jack & Jones has leased 310 sqm for a new store at Promenada Sibiu, owned by NEPI Rockcastle.

New appointments

  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.
  • Colliers Hungary has appointed Balint Laszlo as Director and Head of Design & Build. Laszlo brings over a decade of expertise in technical project management and fit-out execution, with a specific focus on the office and industrial sectors. He previously served as Head of Fit Out at Futureal Group, where he managed project execution, technical delivery, and cross-functional collaboration. His professional background also includes site management and commercial leadership roles.
  • NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.


Latest news

News - Poznań-based Andersia Tower nears full occupancy
09
Apr
2026

Poznań-based Andersia Tower nears full occupancy

by Property Forum
Poznań's Andersia Tower, owned by DEKA Immobilien, has reached near fully occupancy following lease agreements covering over 3,500 sqm of space that have been closed in 2025.
Read more >
News - Matexi Polska posts higher resi sales in Q1 2026
09
Apr
2026

Matexi Polska posts higher resi sales in Q1 2026

by Property Forum
Developer Matexi Polska, active in the Warsaw and Kraków markets, signed 92 apartment contracts in the first quarter (70 in Warsaw and 22 in Kraków). This represents growth of around 30% compared to the first three months of the previous year, when 71 contracts were signed.
Read more >
News - The carbon cost is already in your building. You just can't see it yet
08
Apr
2026

The carbon cost is already in your building. You just can't see it yet

by Property Forum
A structural shift is rewriting the financial logic of European commercial real estate. It isn't being driven by ESG pressure or voluntary sustainability labels. It's being driven by regulation — and the numbers are concrete enough that ignoring them is becoming a financial risk. A recent white paper by workcloud24 traces the mechanism in detail: how the operational energy and CO₂ performance of a building transmits into net operating income, asset value, and financing conditions. The argument isn't that green buildings are virtuous. It's that inefficient buildings are becoming measurably more expensive to own, operate, and finance.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy