European asset management giant Amundi has acquired the Polygon office building in Prague on behalf of its 'KB realitní fond 2' fund.
Financial details were not disclosed.
The scheme consists of more than 10,000 m2 of space spread over eight levels. Located in Prague’s Pankrác district, it is leased to several tenants including Atos, Siemens, Arca Capital, Y-Soft, Hyper Media and Barclays.
‘The Polygon meets our criteria and is an excellent addition to our existing portfolio,’ said Hubert Joachim, deputy director for investing in real estate at Amundi Czech Republic.
The seller of the asset is Mint Investment Company. ‘We bought Polygon in 2014 because it is situated in an attractive office location with direct visibility from the Prague arterial road. Having acquired the building, we refurbished it and leased it to prime tenants,’ explained Sebastien Dejanovski, partner at Mint Investments.
Amundi Czech Republic was advised by White & Case on legal issues, Sentient for the technical aspects and KPMG for corporate and tax considerations. Mint was legally advised by Wilsons. Cushman & Wakefield facilitated the transaction.