The real estate fund NEMO, founded by the real estate group Českomoravská Nemovitostní three years ago, enlarged its portfolio to a total value of over CZK 3 billion. The new acquisition is the Corso Karlín office complex in Prague 8, the fund announced today.
With the new acquisition of the Nemo real estate fund, the fund´s portfolio now exceeds CZK 3 billion. The area of commercial space owned by the fund is nearly 40,000 sqm. "Corso is a premium project that meets all the criteria required by the Nemo fund as part of its investment strategy. The building is adapted to modern standards, it is located in a sought-after location in Karlín and of course, it is fully occupied," says Josef Eim, Vice-Chairman of the Board of Directors of the real estate group ČMN. "Investing in real estate funds is nowadays one of the most sought-after investment instruments thanks to inflation clauses that help protect investors against inflation," adds Josef Eim.
Corso Karlín offers office space with an inspiring atmosphere created by combining industrial design and modern offices. The building with 4 floors and a total leasable area of around 9,500 sqm provides up to 123 parking spaces right in the heart of Karlín. The Corso Karlín office building itself was built in 1890 and is part of the ambitious New Karlín plan, which consists of renovating the former ČKD industrial complex in Karlín. Corso Karlín is a former industrial hall known as a "tin factory" that architects Ricardo Bofill Levi and Jean Pierre Carniaux have transformed into a modern, purpose-built office building. The largest tenants include Quantcom, Euro-Center Prague and ICON Communication Centres. The Nemo Fund's portfolio currently includes five office buildings located in Prague.
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