The City Point office building in Prague 4 - Pankrác is changing hands. It is being transferred from the hands of the investment company Amundi Czech Republic to the ownership of the domestic operator of coworking spaces and serviced offices WorkLounge. Mint Investments Group was the investment advisor that handled the entire transaction for Amundi. Agents from real estate consultancy Cushman & Wakefield and law firm Havel & Partners also participated in the deal. The transaction was worth more than CZK 450 million (€18.25 million).
"City Point is a class A office building located in a popular location in Prague's Pankrác district. Thanks to the work of the entire team, we are pleased to say that we were able to secure a truly attractive yield for Amundi, exceeding the originally planned assumptions," comments Sebastien Dejanovski, Partner at Mint Investments.
Jaroslav Mida, Head of Investments at Mint Investments, adds. We provided a complete service to Amundi for the City Point project: from the acquisition of the building in 2015 through its comprehensive management to the subsequent sale."
City Point offers more than 8,500 sqm of premium office space, a fitness centre and retail space with good transport accessibility, underground parking and a wide range of shops and services in the vicinity. The space is currently occupied by tenants including telecommunications company Telefónica O2, fitness centre operator Form Factory and insurance company AXA Assistance.
