Austrian property investment company CA Immo has strengthened its position in the Czech Republic with the purchase of the mixed-use City Deco project in Prague from ECM Real Estate Investments for about EUR 47 mln. City Deco is part of the City project in the Pankrac district of Prague. Some 10,326 m[sup]2[/sup] of the 17,000 m[sup]2[/sup] scheme consists of offices. Another 5,800 m[sup]2[/sup] will offer sport and relaxation activities, and 700 m[sup]2[/sup] has been set aside for retail. There will also be 500 parking spaces.
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