The Czech division of global real estate consultant Colliers International has finalised the purchase of Charles Square Center, a landmark office property in Prague. The class A building, originally developed in 2002 by international property investor Golub, was acquired for EUR 90 mln for German fund Commerz Grundbesitz Investmentgesellschaft.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
