Immoeast has bought the Diamond Point office property in Prague for around EUR 70 mln, the company announced Wednesday. The property has a lettable area of 27,000 m[sup]2[/sup] and is located close to the Prague Hilton. It is leased on a long-term basis to international companies such as Allianz, Kapsch and Miele. Immoeast said that rental negotiations over the "few remaining vacant areas" are already in their final stages.
Immoeast has bought the Diamond Point office property in Prague for around EUR 70 mln, the company announced Wednesday. The property has a lettable area of 27,000 m2 and is located close to the Prague Hilton. It is leased on a long-term basis to international companies such as Allianz, Kapsch and Miele. Immoeast said that rental negotiations over the "few remaining vacant areas" are already in their final stages.
Immoeast is a division of Austria's biggest property fund, Immofinanz and handles Immofinanz's Central and Eastern European operations. The company has already bought several objects in Prague in the current business year, including the office buildings Pankrac House, Prague Office Park, and Skofin. Immoeast's portfolio in the Czech capital comprises 28 properties with a total lettable area of 582,000 m2.
