Penta Real Estate has sold the Churchill Square office complex to Ceskomoravska nemovitostni with the Lebanon based investor Corporate Finance House. Negotiations have been ongoing for months with a range of investors from Germany, Austria and the United States for prices reflecting an extremely aggressive yield. The final price of the complex is being put in the range of CZK 4 billion. CMN's board chaiman Radek Stacha said Churchill matched its strategy of acquiring well-located, high quality office buildings in Prague. "By buying the buildings we've solidified our position on the market and established ourselves in the . . .
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