MAX Immo has been appointed as an exclusive partner for the leasing of City Palais building situated in Prague’s “Golden Cross”. Redevco, the owner of City Palais commissioned MAX Immo to secure the leasing. The building provides office, retail and residential space on an area of 7,500 square metres.
MAX Immo has already succeeded to mediate a short-term tenant for the retail premises – Gallery of Steel Figures, an exhibition of hand-crafted metal sculptures.
The building is situated on a busy intersection of two of the most important shopping streets in Prague: Na Příkopě Street and Wenceslas Square, providing 3,500 square metres of retail space and 2,250 metres of office space. It also features two luxurious apartment units.
Redevco, a pan-European real estate investor and manager with more than 400 buildings in its portfolio, has owned City Palais since November 2017. The acquisition, worth more than
€40 million, was their first investment in Prague and became one of the most significant transactions on the domestic market of commercial real estate last year. MAX Immo aims at bringing new and interesting concepts to City Palais that will add value to Prague’s retail landscape.
The history of City Palais goes back to the early 20th century. It was designed by renowned Czech architect Matěj Blecha and it is decorated with works by the sculptor Celda Klouček.
