CTR sells Haus Merkur II to Patrizia

CTR sells Haus Merkur II to Patrizia

Published at: 2017-07-12 11:33 | Author: CIJ Journal
Czech investment group CTR sold its residential project Haus Merkur II to German real estate investment fund Patrizia. The price of the deal was not disclosed. The eight-story apartment building includes 117 flats, an underground parking garage and 900 sqm of retail on the ground floor. CTR is developing the project in the center of Dresden in cooperation with its local partner, Baywobau. Haus Merkur II is scheduled for completion in the first quarter 2019, and CTR will hand it over to Patrizia before the end of 2019, after it leases the retail space. Patrizia previously bought the first phase of Haus Merkur. Jan Horváth, CEO of CTR Real Estate, says there is already strong interest from global investors to buy the planned third phase of the project.

Similar Stories:

CZK 183 900 Raised in SVOBODA & WILLIAMS CUP 2017 Tournament to Support the Tereza Maxová Foundation
On Saturday, September 23, the 5th annual charity futsal tournament, SVOBODA & WILLIAM  »
Prague rejects CPI highrise project in Ďáblice
The Prague Assembly rejected a highrise residential project CPI Reality was planning in Pr  »
Alphaville starts work on new resi complex in Brasov
Alphaville broke ground on a residential complex in Brasov. Going up on a site that used t  »
Svoboda & Williams Exclusively Offers Apartments in Krkonošská 14 Residence
The Svoboda & Williams real estate company has received exclusive instruction to media  »
The developer Penta has rolled out new residential projects in Prague’s 4th and 6th dist   »
The largest industrial investments completed between January and June included: BTS projec   »
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   »