London-based real estate fund manager Europa Capital has acquired a 30,000 sqm gla office portfolio in central Budapest for its pan-European investment fund, Europa Fund IV, for EUR 30 mln.
The Building G office building, part of the portfolio of leading Czech development and investment company PASSERINVEST GROUP, has received a Very Good rating on its BREEAM certification. Building G is part of the multifunctional facility BB Centrum, whose tenants include such companies as Royal Canin, Mars, Wrigley, Fiat and SII.
According to the study of the consultancy firm Cushman & Wakefield London’s West End is the world’s most expensive office market for the third consecutive year. To rent one metre squared of office space here costs over EUR 2,300 annually. Hong Kong came second place (EUR 1,636 sq m/annually) followed by New York third (EUR 1,162 sq m/annually).
After obtaining the highest (A) level local energy performance certificate fot their his office project CRYSTAL in Vinohrady Crystal GES REAL, a.s. aims for BREEAM Excellent certification.
CBRE advised Union Investment Real Estate GmbH on the acquisition of a majority shareholding stake of the most prestigious asset in the Czech market, Palladium, from a company managed by the German investment manager Hannover Leasing, Pullach. The transaction is the largest property deal ever recorded in the Czech Republic. The property consists of the largest city centre development (ca 41,000 sq m of prime retail, ca 18,000 sq m of office) strategically located in the city of Prague and naturally extending Prague’s high street.
Building D in the business complex BB Centrum in Prague 4-Michle finally landed its first tenants: two sports-focused retailers, GolfProfi and RunExpert. Both shops will open in March.
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