CBRE has been appointed by Penta Investments, the central European investment group, as joint leasing agent on its Florentinum development in Prague, Czech Republic.

Florentinum will be the first large-scale newly built office project to be completed in Prague’s city centre, which is a conservation area, since 2008. The nine storey, 49,000 sq m building will also offer a retail arcade connecting the city’s Na Poříčí and Na Florenci streets, a piazza with restaurants and cafés and a revitalized Des Fours Palace garden. The project, which is expected to complete in Q4 2013, has also obtained the LEED Gold pre-certification.

Penta has already announced two major tenant commitments at Florentinum by Ernst &Young and Havel & Holásek, a Czech-Slovak law firm in March 2012. Alongside other existing commitments, Florentinum is currently 40% let, underlining the strength of the offering to occupiers in Prague who are seeking high quality newly built space in a central location.

CBRE is joint leasing agent with DTZ.

Miloš Kocián, Penta's Czech real estate project manager commented:
"We are glad to see the Florentinum lease team expanded by two experienced real estate advisory companies, CBRE and DTZ. We are confident we fulfil all requirements for modern and representative office facilities in central Prague, as reflected in the highest standard of office space on the market, high-quality supplementary services, great accessibility and sensitivity to environment. This has resulted in a significant demand for the office space within the project and a 40% take-up rate already."

Bert Hesselink, Head of Office Agency, Czech Republic added:
“Very rarely does a developer have the opportunity to create a project that not only changes the definition of the city centre, but also uplifts the immediate area. Florentinum has the potential to be such a project. It also addresses the shortage of new office space in the city centre and will have wide appeal to occupiers seeking high quality, centrally located, premises. CBRE is proud to be working with Penta to ensure Florentinum maximises its true potential.”