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News

CBRE represented the ČSOB Group during the successful sale of Kateřinská 40 ofice building in Prague

22.11.2016
Company: Amcham

The CBRE Company, the world leader in commercial real estate services, was involved in the successful sale of Kateřinská 40 office building in Prague. In this transaction, CBRE represented Merrion Properties, s.r.o., which is part of the ČSOB Group and were the sellers of the property.

The modern office building at Kateřinská 40 is located near Pavlova Square and was formerly used as their headquarters, as well as PwC, among others. The building passed its inspection in 2000 offering about 8,000 sq m of flexible office space for lease. Besides its excellent location, plenty of civic amenities and excellent transport accessibility, this property offers ample parking in the basement. The offices on the top floors offer tenants an exceptional panoramic view of Prague.

PPF Real Estate, s.r.o. is the new owner of the property, whose acquisition of the building at Kateřinská 40 in Prague marks their return to the market in the Czech Republic after a long time. “This is a purely an opportunistic transaction that perfectly fits into our business model for the entire European region that we operate in,” said Jiří Tošek, executive director of PPF Real Estate. Based on mutual agreement, the transaction price has not been released.

 

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