Acquisition of Praha City Center

Award:

Investment Deal of the Year, CEE

Name of deal:

Acquisition of Praha City Center

Value of the transaction (in EUR):

51,000,000

Yield:

WND

Seller, plus brief information about the company:

GLL


Consultancy which advised Seller:

Colliers International


Purchaser, plus brief information about the company:

Tristan Capital Partners (CCP III)


Consultancy which advised Purchaser:

Cushman & Wakefield


Financing institution:

PBB

Why this deal should be considered for the award:








The CCP III core plus real estate fund advised by pan-European real estate investment manager Tristan Capital Partners, has acquired a Grade-A office building in Central Prague from Germany’s GLL Real Estate Partners GmbH for around €51 million. The seven-storey standalone building is located on Klimentska in Prague 1, the city’s main commercial and administrative district. The property was constructed in 1996 and has a floor area of about 18,000 square metres, including ground-floor retail units and a large parking garage. Tenants include Baker & McKenzie, Regus and Amgen.



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