Fund manager Europa Capital has sold Westgate Park Rudna, a 90,000 m2 logistics project in Prague, to an unnamed US-based developer.
Fund manager Europa Capital has sold Westgate Park Rudna, a 90,000 m2 logistics project in Prague, to an unnamed US-based developer.
Financial details were not disclosed.
Europa purchased the 32,380 m2 vacant property plus 14.5 hectares of development land at the end of 2013, having negotiated a deal with the grocery chain and owner-occupier Billa.
The property was completely refurbished following the purchase in a project managed by local developer The Charnwood Company and subsequently leased to sports retailer Sportisimo. During this period, permits were secured for the additional 57,000 m2 of warehousing.
