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:

Units in Regent Pool Club Residences’ Baia building in Porto Montenegro have been put on  »
Proda Mont is planning to invest more than KM 10m (€5.1m) into the construction of two r  »
A long-planned luxury residential scheme may final break ground in Belgrade’s Kalemegdan  »
Construction underway on Baba Novac Residence
Tesatoriile Reunite broke ground on Baba Novac Residence in Bucharest. The residential sch  »
In fact, some have become so desperate that they’re tackling some of the city’s large   »
Greek residential prices appear to be bottoming out, having suffered a nearly 39 percent d   »
Riding the cresting wave of the booming residential market, Doron Klein is doing what any   »
At the beginning of the year, Penta Investments began construction of Byvanie Bory, the re   »