Savills has successfully facilitated the disposal of Green Park, Letňany, in Prague 18. The Creditas Nemovitostní I fund has acquired the property.
The asset was built in 2005 and is almost fully leased. It is situated in a densely populated residential area with many complimentary commercial buildings in the immediate vicinity. Located close to the arterial D8 highway to Germany, the property has excellent connections to Czech’s highway network and accessibility to Prague.
Fraser Watson, Head of Investment at Savills, says, “The property is a very good example of the liquidity of Czech’s real estate market, where we managed to generate interest from many qualified investors. The property type, being in the much-demanded industrial sector, and its excellent location were a perfect combination to achieve a strong result for our client.”
