Central Group buys 8,000 sqm site in Prague 3 from PSN

Central Group buys 8,000 sqm site in Prague 3 from PSN

Published at: 2017-07-11 11:32 | Author: CIJ Journal
Central Group further strengthened its presence in the popular residential district Prague 3-Žižkov through the acquisition of two office buildings on a 8,000 sqm site along Olšanská street. Pražská správa nemovitostí (PSN) sold the asset for an undisclosed price. The two existing office buildings with 15,000 sqm of class B space boost Central Group’s portfolio to 140,000 sqm of office, warehouse and production space in several locations around Prague. The acquisition is in line with the developer’s strategy to expand its portfolio of office and warehouse properties, which it plans to operate and lease before redeveloping into residential. This is the developer’s second acquisition along Olšanská street this year. In March, it bought the Cetin headquarters from PPF. The new site is across the street from Central Group’s Residence Garden Towers, next to Parukářka park.

Similar Stories:

Brno residential hit by price shock
The number of of residents purchasing new flats in Brno fell 40 percent in 2017, with just  »
Czech residential prices rising fastest in Europe
Czech residential prices rose faster than anywhere else in Europe, according to Eurostat.  »
Instone completes resi project in Hamburg-Altona
Instone Real Estate Development has completed the third and final phase of its residential  »
Svoboda & Williams Exclusively Appointed to Sell Apartments in the PRAGA Residence in Karlín
The Svoboda & Williams real estate agency has received exclusive instruction for the s  »
The developer Victoria Dom carried out a PLN 20m private bond issue in October, funds that   »
Svoboda & Williams has concluded an agreement with Christie’s International Real Estate   »
“The speed of growth is not so high as it was last year, that’s important for us,” s   »
The move will allow Svoboda & Williams to promote properties it’s selling in Prague and   »