Skanska sells Parkview office building in Prague to DEKA for EUR 77 million
Skanska has sold the Parkview office building in Prague to Deka Immobilien, one of Europe’s leading real estate investors and asset managers. This is the second transaction between both parties in the last twelve months, which follows the acquisition of Generation Park Z in Warsaw last year. It proves that the prime office assets in established locations remain attractive on the commercial real estate market.
“Last year showed us how important quality and relationships are – also in business. Parkview is our fourth building sold to Deka Immobilien, our well-known and longstanding partner. This transaction is yet another example which proofs that premium assets in great locations are desired on the market regardless of uncertain times. Trust between business partners and a sustainable, futureproof product in a core location on such a stable market like Prague - these were key factors in concluding this transaction,” said Arkadiusz Rudzki, Executive Vice President of Leasing & Sales at Skanska commercial development business unit in CEE.
Parkview offers a total of 16,000 sqm of space on nine floors above the ground and 227 parking spaces on three underground floors. The building is 94% leased to companies such as Grant Thornton, Spaces, and Jacobs Douwe Egberts. The project, designed by the world-renowned New York based architectural studio Richard Meier & Partners, is a best-in-class office development, showcasing environmentally friendly, technologically advanced and innovative features. Parkview received its occupancy permit in the second quarter of 2020 and is located opposite the Central Park in Prague’s Pankrác district. Considered to be a prime inner-city office location, Pankrác represents one of the most prestigious, modern and only high-rise districts in Prague, defining the city’s skyline. Parkview will also further benefit from the planned construction of a new metro Line D, which will make Pankrác a transfer station, reassuring the property’s strategic position.
