by Property Forum | Investment

J&T Banka has acquired the eight-story Rustonka office complex in Prague 8 from Gramexo, which is part of a group of companies affiliated with the J&T Group, for €80 million (CZK 2.1 billion).

The building, which houses the new headquarters of J&T Banka, opened earlier this year. The 30,000 sqm office building has a capacity for 750 employees.

According to Jiří Ochetz, Marketing Director of J&T Real Estate in the Czech Republic, this was not an internal transaction within the group but a regular sale.

The new owner was supported by Cushman & Wakefield and Clifford Chance.