The reason for the sale was mainly the reduction of the share of office buildings closer to 50 percent of the value of the portfolio of the Reico ČS Nemovitostní fund, which is in line with its strategy. The transaction will also provide money for future acquisitions, said Tomáš Jandík, chairman of the board of Reico investment company Česká spořitelna.
The building for sale was one of the smallest properties owned by the Reico fund, its rentable area is less than 9,500 square meters. In addition to offices, the building also has warehouse and retail spaces.
The reason for the sale was mainly the reduction of the share of office buildings closer to 50 percent of the value of the portfolio of the Reico ČS Nemovitostní fund, which is in line with its strategy. The transaction will also provide money for future acquisitions, said Tomáš Jandík, chairman of the board of Reico investment company Česká spořitelna.
The building for sale was one of the smallest properties owned by the Reico fund, its leasable area is less than 9,500 square meters. In addition to offices, the building also has warehouse and retail spaces.
