The Czech division of global real estate consultant Colliers International has finalised the purchase of Charles Square Center, a landmark office property in Prague. The class A building, originally developed in 2002 by international property investor Golub, was acquired for EUR 90 mln for German fund Commerz Grundbesitz Investmentgesellschaft.

The Czech division of global real estate consultant Colliers International has finalised the purchase of Charles Square Center, a landmark office property in Prague. The class A building, originally developed in 2002 by international property investor Golub, was acquired for EUR 90 mln for German fund Commerz Grundbesitz Investmentgesellschaft.

The Charles Square Center occupies nine floors covering a total of 31,000 m2 and is situated above the Charles Square metro station, a strategic location that has already attracted clients such as Ernst & Young, Raiffeissen Bank and Philip Morris. Brent Watkins, director of Investment for Colliers International Czech Republic, commented, 'We have been successful in the past few years by advising clients in strategic acquisitions and working in a discreet fashion. Both buyer and seller were very pleased with this transaction.'