Land in Prague 6 sold for a billion. The university heard the offer of the Penta consortium
A consortium of Penta Real Estate, Kaprain Group and Sekyra Group bought land from the University of Chemical Technology in Prague (ICT) in the western part of Vítězné náměstí in Prague 6, initially just over one billion crowns. It gained a total of 20,122 square meters, ie the majority of the buildable area of the so-called fourth quadrant of Victory Square between the streets of Evropská and Jugoslávských partizánů. Penta said this in a press release.
The consortium of developers wants to build mainly offices and shops on the land, use part of it for flats as well. “It is clearly one of the most interesting places in Prague, we will announce an international competition for the concept of multifunctional buildings with plenty of greenery and public space. Prague itself is attractive for architects, in the case of Vítězné náměstí we can expect real world aces, “said Pavel Streblov, Penta Real Estate’s director of commercial construction.
The developers plan to announce the international competition within one year, and the projects are expected to be completed by 2028. The zoning plan of Prague has been planned for a long time, as well as the winning design of the architectural competition for the urban and transport solution of Vítězné náměstí, which was organized in 2018 by the Institute of Planning and Development of the Capital City of Prague. m of Prague, respects Engel’s intention.
According to the press release, the ICT wants to use the funds obtained from the sale of part of its land for the construction of a new university building with teaching spaces and a dignified background for students and academies. A school that has long struggled with a lack of space will be able to supplement the missing laboratory, which is essential for international scientific cooperation.
“Part of the long-term vision and mission of the ICT is to support talented students and train top experts who help our society solve today’s major problems, such as drought, new energy sources or food and medicine safety. The new university building is a necessary prerequisite for us to be able to fulfill this role in the future as well, “added the Rector of the ICT Prague, Pavel Matějka.
Since 1997, negotiations have been held between the Institute of Chemical Technology and the Czech Technical University and a foreign investor. Based on the decision of the Ministry of Education, the ICT became the owner of the land on Vítězné náměstí in 2001. In the end, the planned project did not materialize.