The firm says that Florentinum is located in the heart of Prague and combines premium quality office space with a busy retail area, courtyard and central park. The property totals over 567,000 square feet of leasable area and is the largest and the most modern office building in the area. The development, the culmination of four years work, is the first phase of Penta ́s wider regeneration plan to transform a brownfield area beside Masaryk Train Station and reposition Prague ́s Central Business District.

The building, which was designed in collaboration with the late Dame Zaha Mohammad Hadid, has won several awards including the Financial Times CEE Quality Award 2014 for the best office development, Construction Journal Award 2013 and Best of Realty 2013.

Penta, an investment group founded in 1994, actively develops companies and projects in more than ten European countries including the Czech Republic, Germany, Hungary, Poland, Romania, Serbia, and Slovakia.

Penta has an office in St Helier and has been active in Jersey for four years, employing five staff locally.

Commenting on the transaction Mr Radoslav Zuberec, Managing Director of Penta said: “This award winning development in Prague has attracted numerous plaudits for its innovative and environmentally friendly modern design. Naturally, we are very pleased to have concluded the selection and negotiation process for the sale, which has been extremely demanding. The Chinese offer outbid a well-known German investor in the final stages.”