X1 Future acquires building in UBM’s Timber Praha

Published: 25. 10. 2023

UBM Development Czechia has somewhat unexpectedly sold one of the buildings in its project Timber Praha to the investment fund Future X1. Building M is the first multi-level apartment building in Czechia to be built from wood. When completed, it will offer 15 flats, or a total of 1,000 sqm of space. Future X1, which will lease out the building, is building a portfolio of assets that it’s preparing to sell to a major foreign investor.

This isn’t the first time the two companies have done a deal in the same location. UBM sold it 16 . . .

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