Arcona Capital has entered into a long-term lease agreement with Knorr-Bremse Group to lease a total of 2,700 square meters of office space in the administrative building in the city centre of Liberec. The building will then be fully occupied. Arcona Capital, manager of property portfolios in Central Europe, owns nearly 60 commercial properties in the Czech Republic.
Knorr-Bremse, a manufacturer of braking systems for rail and commercial vehicles, will gradually move to the building by the end of 2017. The premises on three floors will be used as its largest administrative centre in the Czech Republic.
The administrative and high-tech building located on Neruda Square offers over 4,300 square meters of leasable space in five overground floors and 40 parking spaces. The building was built in the 1960s and will go through a major renovation in the beginning of this year while maintaining its industrial character.
