German lender Helaba is providing a loan more than €100 mln to finance the acquisition of the Churchill Square office project in Prague. The buyers are the Czech office real estate company Ceskomoravská Nemovitostní (CMN) and the CFH Group, an investment group active in Europe and the US with focus on core investments in major cities in Germany, UK, US, the Netherlands and Poland.
Principal Real Estate has acquired a stake in the Rome Cavour Hotel through a Separate Account Mandate.
