PropertyEU

Orco sells office building in Prague for EUR 75m

By A staff reporter 2012-05-18T00:00:00

Orco Property Group has sold the Radio Free Europe-Hagibor office building in Prague to a subsidiary of the L88 Companies, an American-owned business. The transaction value amounted to $94 mln (EUR 75 mln), which is at par with a DTZ valuation after taking into account all taxes on the transaction.

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