Penta Real Estate, Kaprain Group and Sekyra Group have completed the acquisition of a major land plot on Vítězné náměstí in Prague 6, otherwise known as the big roundabout in Dejvice. There’s been numerous groups who have tried to buy the plot from the VŠCHT university over the past couple decades, but none have been successful until now. In all, the consortium is buying 20,122 sqm of land, where it will build a mix of offices and shops. The final design for the project will be determined in part by an international architectural competition, to be held within a year. Prague is interesting enough by itself but in the case of the construction on Vítězné náměstí, we can expect the elite,” said Pavel Streblov (Penta Real Estate).
Radka Novak, currently head of the CEE office team at Cushman & Wakefield, has been appointed International Partner. She’s accumulated over 20 years of experience in real estate and joined C&W in 2008. Along with managing an office team, she provides advisory to key international office occupiers. In her new position, she is expected to unity the level of services the company provides across the region.
Revetas has completed the disposal of the remaining assets of Revetas Capital Fund II’s Project Papa office portfolio in Prague in a transaction whose total volume came to over €100 million. Having previously sold the BBC Vila, it still had to find a buyer for 33,000 sqm in three buildings: Corso Karlin, Apeiron and Zirkon. They were acquired by Českomoravská Nemovitostní in a deal whose terms were not disclosed. ““This transaction not only validates Revetas’ value creation strategy, but also the robust liquidity in our target region driven by the strong appetite of domestic investors,” said founding partner Eric Assimakopoulos.