|
contents | business | |||||||||
| Orco Property acquires building E of BB Centre in Prague The Endurance Office and Retail Fund, managed by Orco Property Group, and Passerinvest Group announced the successful acquisition of the building E of BB Centre in Prague. The Endurance Office and Retail Fund, for which it was the largest acquisition so far, acquired 100% shares of BBC – Building E, a.s. Throughout the whole transaction the fund was represented by a team of lawyers from the Global Real Estate Group of Salans, lead by Jiří Stržínek. Passerinvest realised the transaction without any external advisers. Building E is an A Class office building offering original lay-out and architectural solutions. There are 7 overground and 4 underground levels with approximately 14,600 sqm of office space and 1,000 sqm of storage premises. In addition there are also over 300 underground parking places available. The entire property is currently leased to ČEZ. The building is a part of the administrative complex BB Centre in Prague 4. Passerinvest Group, the developer of the project has been operating on the Czech market for 15 years. Strategically strong location and modern technical background will allow future tenants to fully exploit the potential of the area. Endurance Real Estate Fund for Central Europe (The Endurance Office and Retail Fund), managed by Orco Property Group, is a Luxembourg–regulated, closed–end and umbrella fund with four sub-funds focused on office and retail, residential and hospitality markets. write your comments about the article :: © 2007 Construction News :: home page |