Penta Investments to buy former post office near Masaryk station for CZK 220 million

Czech Post will sell its building in Hybernská Street near Masaryk train station in Prague to Penta, a Slovak-Czech investment group, for a minimum bid price of 220 million crowns. Penta was the only bidder in the e-auction, the Czech News Agency reports.

The former post office closed last year. According to a spokesperson for the investment group, Penta plans to build commercial premises on the site after renovating the heritage-protected portion of the building and demolishing the other part.

Penta is already building two multi-functional buildings for CZK 2.2 billion on a brownfield area in the immediate vicinity of the Masaryk railway station, and at the same time it is working on the reconstruction of the station premises.