CA Immo has successfully closed the sale of the office property Visionary in Holešovice, Prague 7, comprising approximately 25,500 sqm of gross lettable area.
The building's occupancy is 93%, including signed lease contracts with future start dates, and the annualised gross rental income is around €4.3 million.
The sale is in line with CA Immo's long-term investment strategy, pursuing a focus on large, Class A office properties in prime inner-city locations. "Upon achieving near-final occupancy, our business plan for Visionary is completed. With this sale, we take advantage of market liquidity to free up capital for alternative allocation options, and monetise future profits where only limited further value creation exists under our business model,” commented Keegan Viscius, CEO of CA Immo.
CBRE acted as commercial advisor, and Dentons as legal advisor to CA Immo in this sale process.
