German property fund SEB ImmoInvest has acquired the Andel Park Building B in Prague for EUR 71.5 mln, marking its first venture into the Czech Republic. The seller is Austria’s Immoeast.
German property fund SEB ImmoInvest has acquired the Andel Park Building B in Prague for EUR 71.5 mln, marking its first venture into the Czech Republic. The seller is Austria’s Immoeast.
The total floor space reaches 23,000 m2 and includes 255 car parking spaces and storage areas, as well as seven floors of offices. The tenant structure varies from pharmaceuticals companies to IT and finance groups.
The complex is located on the left bank of the Vltava river in the Andel district, which has become a sought-after office and residential property location in recent years, SEB says.
