News Article Czech Republic investment office Prague
by Property Forum | Investment

Czech investment group Enern, owned by online supermarket, together with US investor Lincoln Property Company, has acquired the Palác Karlín building in Prague from Danish company Kirkbi Invest A/S for an undisclosed sum.

Palác Karlín, located close to the Križíkova metro station, offers 15,900 sqm of office and retail space. The historic building, fully renovated by Real Estate Karlín Group in 1999, is fully leased to a mix of national and international tenants, including Ricardo Prague, INCO, LHMS, ALBI, Czech Promotion, Universal McCann and
“Palác Karlín is a unique building benefiting from its exceptional location and constructivism design. The acquisition represents the first real estate investment with our JV partner Enern and fits very well into our joint strategy of investing into assets with a future upside located in key strategic submarkets,” commented Štefan Puci, Investment Director of Lincoln Property Company.