![News Article Commerzbank Czech Republic investment Prague](https://cdn.property-forum.eu//image/articles/528/1500/naprikope33-534.jpg)
Commerz Real, a subsidiary of Commerzbank, has purchased a historical office building, " Na příkopě 33" in the centre of Prague for its open-ended real estate fund HausInvest. The seller is Komerční banka, a subsidiary of Société Générale. The transaction price has not been disclosed.
Commerz Real intends to renovate the property in cooperation with S+B Gruppe and possibly convert it for mixed-use operation.