KGAL has acquired Charles Square Center, a multi-tenant office property in downtown Prague, from Commerz Real, the company announced today.

Warsaw’s Municipal Office has leased 12,000 square metres in the recently completed Widok Towers in Warsaw. The Technical City Hall will occupy ten of the total of 28 stories in the future. The high-rise complex, which was developed by Austria’s S+B Gruppe, has been owned by the Commerz Real open-ended real estate fund hausInvest since 2014.

Commerz Real has created a new Impact Investment division and named a new Head of Sustainability. The asset manager intends to place its focus to a greater degree than in the past on capital investments whose returns are not measured solely in terms of economic success, but also with a view to their positive impact on society and the environment.