Deka Immobilien buys first office building pre-certified with LEED Platinum status in the Czech Republic (CZ)

Deka Immobilien GmbH has acquired the City Green Court office building in Prague. The purchase price amounts to around €53.7 million and the vendor is Swedish property developer Skanska. The property, which is situated in Pankrác, part of the renowned Prague 4 district, will be added to the portfolio of open-ended mutual property fund Deka-ImmobilienEuropa.

The property is designed as a sustainable green building and was the first office building in the Czech Republic to be pre-certified with LEED Platinum status. It is still under construction and offers around 17,300 m² of lettable area on eight floors.

The building is set to be completed this year and is almost fully let. The main tenant will be accounting and consultancy firm PricewaterhouseCoopers with a branch of its Czech subsidiary. In addition to other office properties, there are shops, several restaurants and a metro station in the immediate vicinity.

Through the purchase of the City Green Court offices, open-ended mutual property fund Deka-ImmobilienEuropa is continuing its strategy of primarily acquiring properties with a sustainability certification. The acquisition also increases the Czech share of the fund's portfolio from 1.6% to 2.1%.

Source: DekaBank

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