Praga Studios sold to CBRE GI client for €55m

Praga Studios sold to CBRE GI client for €55m

Published at: 2019-08-02 10:19 | Author: CIJEurope.com
CBRE Global Investors has agreed a deal with Skanska Property for the acquisition of Praga Studios on behalf of one of its global separate account clients for €55m. The new office building, which was completed by the developer in the second quarter of 2019, is anchored by Edwards Lifesciences. The other four tenants include a co-working operator and IT companies. Praga Studios is expected to a receive a LEED Platinum certificate as well as a WELL Core & Shell certificate. It's located in Prague 8 and offers 12,000 sqm of office space, along with 115 parking places. Myles Sanger, Portfolio Director, CBRE Global Investors, said “We are building a well-diversified office portfolio for our client in EMEA and Praga Studios is a high quality addition to their existing assets.”

Adrian Karczewicz, Head of Divestments at Skanska commercial development business unit in the CEE called Prague one of the most desirable locations in Central and Eastern Europe. "While the office stock is constantly growing, the demand for prime office assets remains very high among tenants and investors, both domestic and international. I am glad that Skanska could offer CBRE Global Investors a fully leased A-class building in one of the best locations in the Czech capital city.”

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