BPD Development buys Cube in Prague from Peakside Capital

BPD Development buys Cube in Prague from Peakside Capital

Published at: 2018-12-19 10:36 | Author: CIJEurope.com
Peakside Capital has sold the Cube office building in Prague to BPD Development, a Prague-based development company. The 21,500 sqm building was built in 1977 and was the first office investment Peakside made in the Czech Republic. The asset is almost fully occupied by a variety of tenants, representing mainly companies in the health and technology sectors. "This disposal is a great example of a successful value add investment, realised within a two year window," said Michał Nawrot, Principal at Peakside’s Warsaw office. "The Czech market continues to see improving levels of liquidity whilst it is also gaining in maturity.” Peakside was represented during the transaction by Savills, the law firm bnt, ASB Group and by CBRE's technical advisors.

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