Kaprain buys 5 ha brownfield in Prague 9

The Czech investment group Kaprain has acquired a 53,000 sqm brownfield site next to the Harfa Business Center from Howden ČKD Compressors. Founded in 2013 by Karel Pražák, Kaprain currently has more than CZK 33 billion in assets under management. Colliers and PRK Partners acted for the vendor, while BBH represented the buyer. The site sits just 300 meters from the Českomoravská metro station in Prague 9. The expectation is that the Kaprain will build a mix of commercial and residential buildings there. “Despite a certain cooling of the commercial real estate market, we were able to attract considerable interest for this strategically located brownfield thanks to a structure sales process,” said Tomáš Szilágyi of Colliers. Prague 9 has been an increasingly important target for residential developers in recent years.