Published at: 2019-04-16 12:21 | Author: Robert McLean
The property company PSN is looking for new acquisition after selling off a 350,000 sqm plot in Prague - Zličin to Central Group
PSN has sold 350,000 sqm of land to the dominant Czech residential developer Central Group. The land belonged to Siemens until 2010, when it was sold at auction to PSN for an undisclosed price. The price tag for this most recent transaction for the same plot has again been kept under wraps, though media speculation puts it in the neighborhood of CZK 2bn. PSN’s CEO Max Skala says his company bought the land at a time when Siemens, which had been building trains in a 100,000 sqm production hall on...

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