Spanish investment fund, Azora Europa l, has sold Galleries Louvre, their prime office property in Prague 5, to Redstone Real Estate, a private equity platform. The counterparties agreed not to disclose the price. The property is a mid-sized office building offering approximately 4,800 sqm of prime administrative space and is fully and long-term let.
The seller was assisted by JLL as its property advisor and CMS Cameron McKenna as its legal advisor. The buyer was assisted by Squire Patton Boggs as its legal advisor and Deloitte as its tax and financial advisor.
