Penta keen on Marasyk station re-development

Penta Investments is currently finalizing negotiations with the consortium behind the planned re-development of the Masaryk Railway station area in the center of Prague. This interest in gaining a share in the huge scheme makes all the more sense given that Penta already has a project of its own, Česká Typografie, just across the street. A replacement for the financial heavyweight ING was always going to be needed after the Dutch pulled out of the railway scheme in May 2010, in line with its general withdrawal from real estate development. Jan Hromádka, chairman of the board at the Masaryk Station Development (MSD), claims Czech Railways should sell the land to the consortium at a price agreed back in 2004.

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