CBRE Global Investors has bought a €55m office building in the Czech Republic from developer Skanska.
The manager said it has agreed to buy the newly built multi-let Praga Studios building on behalf of one of its global separate account clients.
The 12,085sqm asset spans seven floors and is located in Prague 8, one of the fastest-growing office submarkets in the city.
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 said: “Prague is 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.”