European real estate fund manager Doughty Hanson & Co has sold its Nove Butovice business park in Prague to Czech and Slovak Property Fund BV for EUR 89.5 mln. The site, acquired and developed by Doughty Hanson in 2001, comprises three office buildings with 27,000 m[sup]2[/sup] of space. The site has also been granted construction permit for an additional 7,100 m[sup]2[/sup] office premise. Multi-national tenants of the park include German insurer Allianz, luxury carmaker BMW and computer firm Siemens.
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