The ÚOHS competition authorities sanctioned the sale at the beginning of May. No purchase price has so far been disclosed. The 27-storey building, the tallest in the capital at 109m, contains 44,000 sqm of office space. It is 95 pct leased, with main tenant being Raiffeisen Bank. The seller is Consideratio, a subsidiary of Proxy-Finance, which bought the property from Marpona in 2012. The latter purchased the building from the now bankrupt ECM in 2009 for EUR 130 mln.
Source: english.eurobuildcee.com
Publisher: english.eurobuildcee.com
PPF finalises City Tower acquisition
PPF Group, which is owned by Czech businessman Petr Kellner, has finalised the acquisition of the City Tower skyscraper in Pankrác (Prague 4), according to local media.