SEB Asset Management is driving forward its geographical diversification by acquiring its first property in Prague, the Czech Republic, for its SEB ImmoInvest open-ended real estate fund (ISIN: DE0009802306). This means that the mutual fund is now invested in 16 countries.
The purchase price for the Andel Park Building B class A office property is €71.5 million, and the total investment volume including acquisition-related costs amounts to €72.9 million. The seller is the Austrian company IMMOEAST AG.
Andel Park is located in Prague 5, on the left bank of the Vltava. The property at 14-16 Radlicka Street takes its name from the Andel quarter, which belongs to the Sm