CBRE Global Investors buys Praga Studios from Skanksa in Prague

CBRE Global Investors has purchased an office building in Prague, Czech Republic.

The firm paid €55 mln to vendor Skanska for the newly completed asset.

Named Praga Studios, the property comprises 12,000 m2, including 115 parking spaces. It is on course to receive LEED ‘Platinum’ and WELL Core & Shell certificates.

The building is fully leased by Edwards Lifesciences, a leading global medical equipment company and other tenants, including a co-working operator and IT companies.

Welcoming the acquisition, Myles Sanger, portfolio director at CBRE Global Investors, said: ‘We are building a well-diversified office portfolio for our client in the EMEA region and Praga Studios is a high quality addition to their existing assets.’

Adrian Karczewicz, Skanska’s head of divestments for the CEE region, said: ‘Prague is one of the most desirable locations in Central and Eastern Europe. While the office stock is constantly growing, the demand for prime office assets remains very high among tenants and investors, both domestic and international.

'I am glad that Skanska could offer CBRE Global Investors a fully leased A-class building in one of the best locations in Prague.’

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