The property is "located" in a special company Mustela. A new owner from Canada was registered at the end of March. According to E15, the price of the transaction was between EUR 80 million and EUR 90 million, which exceeds two billion crowns. Canadians bought the property with an annual yield of around 4.25 percent. CBRE and Savills have been involved in the transaction. None of the parties commented on the deal. Real estate and construction
It is going to auction a giant site after the army. The developer of the skyscraper is interested “ The main factors influencing the price are the combination of location and a large international chain as the main tenant on more than half of the space. It has also played a role in the fact that there is still a relative lack of real estate to buy on the market and the amount of free money among investors. There are also favorable conditions for financing , ”said Ondřej Vlk, a commercial property specialist from Colliers International. Among other things, the building houses the largest C&A fashion chain store in Central and Eastern Europe. Domestic part of the consulting firm Knight Frank also has its registered office there. In total, Diamond has eleven thousand square meters of lettable space.
The diamond is located in the area of the so-called Golden Cross, ie at the crossing of shopping street Na Příkopě, Můstek and 28. října Street. For traders, this is one of the most lucrative locations in the capital. Apartment prices Counselors warn against mortgages. It will return the most risky customers to the market In place of the present building stood the original historic Diamond Palace. In 2007, the Austrian developer Mustela sent the site unprotected to the ground. Subsequently, a new building began to grow on site. The developer completed the project in 2013. This is the second acquisition on Wenceslas Square for the BMO Financial Group in Canada. In 2017, the group bought a Van Graaf clothing store there. Wenceslas Square is attractive for real estate investors. At the beginning of this year, Českomoravská nehnuteľností bought a house from the real estate magnate Václav Skala in the upper part of the square . At the same time, the founder of the Exim Tours travel agency Ferid Nasr bought the Art Nouveau Grandhotel Europe .
Source: www.e15.cz
