In Prague, global business is largely conducted in the central historic district of Nove Mesto, but a superblock in nearby Pankrác Plain has long promised to become its modern high-rise counterpart—the Czech equivalent of Pudong or Canary Wharf.
Skanska's $10.8 million purchase of the City Green Court project from the real estate investor ECM in 2010 was a milestone in the Pankrác Plain transformation. As part of the sale, ECM included a schematic design and zoning permissions for the eight-story office building it had commissioned from Richard Meier & Partners (RMP). Yet Skanska's vision, which embraced sustainability, was in marked contrast to ECM's brief.
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