
About the project
The unique architecture of the world-renowned Zaha Hadid Architects has created new landmark buildings, revitalised the brownfield site connected to Masaryk Railway Station, and brought a new quality of everyday life to the city centre.
The generous public piazzetta in front of the first Zaha Hadid building, with its signature façade, provides access to the new retail concept now open in the newly completed buildings on Na Florenci Street.
Both Zaha Hadid buildings offer several office floors and two levels of retail space, which are easily accessible from the street, the railway platforms, and the elevated landscaped deck.
- 2011 Penta Investments acquires a majority stake in MSD from ING Real Estate
- 2013 In the brochure ´Naděje´ other studies of the revitalization of the Masaryk Railway Station area appear
- 2014 MSD obtains a planning permit for the reconstruction of Na Florenci Street
- 2015 Office building Na Florenci
- 2016 MSD buys the first plot of land along Na Florenci Street (10,300 m2) for CZK 235 million
- 2020 Preparatory works
- 2021 Issuance of a building permit and start of construction
- 2022 Start of construction
- 2024 Grand Opening
Zaha Hadid Buildings 01 + 02
The buildings designed by architects from the London-based Zaha Hadid studio are the flagship project of Penta Real Estate. These unique buildings were completed and officially opened in 2024. Both buildings offer highly functional two-storey retail spaces and are fully leased.

A unique elevated roofing and new public space for Praguers
The elevated park above the railway station, currently under construction, will significantly simplify the connection between Prague 1, Prague 3, and Prague 8. Completion of the deck is planned within two years. Its design reflects the urban flow of people between Na Florenci and Hybernská streets and the busy U Bulhara intersection, and will offer a beautiful public space with a park-like character. It combines pathways and piazzettas with zones for relaxation and social activities. All walkways are designed with a focus on comfort for people with varying levels of mobility.

Masaryk railway station
Penta Real Estate and České dráhy have jointly completed the reconstruction of the Masaryk Railway Station hall. The revitalisation of this unique historical hall is now fully finished. Several new retail units are already operating in the station area, along with a restaurant that opened at the end of 2021. The last available units are currently offered for lease.

Hotel Hybernska
The Cloud One Prague hotel, located at the intersection of Hybernská Street and U Bulhara, adds further retail and, above all, accommodation capacity to the Masaryčka area. The retail arcade in the hotel atrium is connected to the elevated park above the railway tracks and brings a pleasant atmosphere to this busy junction. Today, The Cloud One Prague ranks among the most popular hotels in the centre of Prague.
