TNBiz (TNBiz)
Markets  |  July 16, 2012 00:40:05

E15: Central Station makes Italians

PRAGUE (MEDIAFAX) - Investments Italian company Grandi Stazioni to Prague's main railway station is starting to pay off, it showed the first year of full operation of upgraded terminal building, which underwent a four-year renovation. According to a Monday release of E15.

Revenues resulting from new leases commercial space at the station went up in company turnover last year by 70 percent to 162.5 million crowns. Even more significantly increased net profit by 200 percent to almost 47 million. "For our project it was a key year because it managed to complete all business premises and gradually filled with new tenants. We could begin to fully exploit the potential that provides a terminal building, "said company executive E15 Andrea Odoardi.

Of the total of ten thousand square meters of retail space is leased to him by 95 percent. But even before the investor is investing hundreds of millions reconstruction of dilapidated Art Nouveau monuments, Fanta building that now disfigures the main station. And with the Grandi Stazioni wants to begin this fall. Who then is the building of the old station, which ceased to serve its original function of the late seventies, after the reconstruction moves, but still not decided. Earlier we were talking, for example, hotel or theater. Certain is only renewal Fanta legendary cafe. Total Fanta has a building to be five thousand square meters for business.

The main station is the busiest railway station in the Czech Republic, monthly passes through here a million "train" passengers, other tens of thousands of people here get the metro or on the street.After the reconstruction can take one of the few in this country compared to stations such as in Germany. The weakness remains of Prague's main station next to a dilapidated building and Fanta adjacent park called tutorial set that the revitalization is still waiting in vain. Rail bureaucrats also stubbornly refused to build a simple connection to the Prague station 3, which would significantly increase the commercial potential of space. The company has Grandi Stazioni in the Czech Republic and "his" incomparably smaller station in Marienbad, where he managed 1500 meters square of commercial space.

Total investment company with Italian roots represents an amount of 1.15 billion crowns. For it is the station from Czech Railways for 30 years in the lease. Grandi Stazioni Czech Republic is 51 percent controlled group Ferrovie dello Stato (Italian State Railways).Other partners are the European Bank for Reconstruction and Development and SIMEST, an Italian state-owned company for the promotion of foreign investment.

Libor Popel,

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