by Property Forum | Investment

Czech investment group RSBC is acquiring an office building in Prague's Michle district from CPI Property Group. The building, located next to the BB Centrum complex, houses the headquarters of energy company ČEZ, business daily Hospodářské noviny reports.

The 16,000 sqm building, originally developed by Passerinvest Group and acquired by CPIPG through Orco, is one of three neighbouring properties where ČEZ is located. The other two buildings are owned by ČEZ itself. According to RSBC, the purchase agreement was signed this week and the transaction should be completed early next year.

RSBC currently manages a 68,000 sqm real estate portfolio with a market value of over CZK 2 billion.