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CZECH REPUBLIC Penta to work with PSN on Transgas replacement

Architecture and urban planning
Penta Real Estate is to work together with developer PSN on the project that is to replace the former Transgas building in Prague’s Vinohrady district.

Last April, HB Reavis announced that it had sold the site of the now demolished building on Vinohradská street to PSN for CZK 870 mln (app. EUR 72 mln), which it claimed was a record sum for such transactions in the country. The Slovak developer had been planning to replace it with the Nová Vinohradská 8 office project designed by the Jakub Cígler architectural studio. The same studio is now finalising a study of the site for its new owners.

We unequivocally intend to preserve the character of the location. Vinohrady is mostly a residential area, therefore, together with PSN, we plan to prepare a project that will be primarily residential, with only a small part of the project dedicated to offices and retail units on the ground floor.
Pavel Streblov, Penta RE’s commercial development director

Construction work on the new building is expected to begin in 2024.

This is one of the most interesting and valuable spots in the centre of Prague in the immediate vicinity of the National Museum. I am certain that together with Penta Real Estate we will enrich Vinohradská street with a useful, modern, and in terms of its architecture, a high-quality building.
Max Skala of PSN

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