[06.01.2016 13:47 UTC] Chris Johnstone
Railway board clears massive Prague real estate deal
The supervisory board of Czech state owned passenger rail operator Český Drahy Wednesday cleared the sale of a plum Prague real estate site. A controversial bid by the Czech-Slovak group Penta was made for around 10000 square metres of land at Prague’s Masaryk station for around 235 million crowns. Penta has ambitions to build a high rise business district at the site. A final agreement should be signed by the end of January.
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