Aviva Investors and LaSalle Investment Management have acquired River Garden II & III in Prague, on behalf of the Pan-European Fund Encore+ for €84 million. River Garden II & III, developed by HB Reavis is Class A office building with ground floor retail, located in the Karlin district of Prague. This is the first acquisition that Encore+ has made in the Czech Republic.
The eight-story complex, which has recently been awarded a BREEAM Excellent certificate, offers over 25,000 sqm of rentable space. The River Garden building was completed in 2014.
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