Deka Immobilien sells office property in Prague (CZ)

Deka Immobilien GmbH has sold the Florenc Office Center in Prague to Czech investment fund company ZFP Investments investicni spolecnost, a.s. in a deal worth approximately €34 million. The office building was constructed in 2003 and had been held in the property portfolio of the Deka-S-PropertyFund No. 1, an individual property investment fund.

A total of around 11.000 m² of floor space is available in the building, all of which is let. Professional services provider KPMG is the main tenant in the building. This property is certified to the British sustainability standard based on the Building Research Establishment Environmental Assessment Method (BREEAM). It borders on the historic city center of Prague and boasts excellent local transport links.

Source: Deka Immobilien 

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