AEW has sold the Smíchov Gate office building in Prague 5 after almost ten years of ownership on behalf of one of the funds managed by AEW. The new owner is Redside, manager of real estate open-ended investment fund NOVA Real Estate (SICAV). Cushman & Wakefield facilitated the sale of the property.
Redside bought Bluehouse’s retail portfolio, including the Rýnovka shopping centre in Jablonec, Orlice Park in Hradec Králové and Ahold hypermarket in Znojmo, through its NOVA Real Estate fund at the end of 2015. Last year Redside focused on office facilities in Prague. It acquired a portfolio of four office buildings from Triuva at the beginning of 2016 and has been the owner of the Panorama Business Center since November.
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