ARTICLES LABELLED WITH TAG KGAL

KGAL Investment Management has completed the repositioning of the former Charles Square Centre in the heart of Prague. Under its new name, Karlák, the inner-city office and retail complex is offering almost 20,000 sqm of leasable space. 

KGAL ESPF 5 has entered the Czech market with the purchase of a solar project near the city of Most in north Bohemia. The project is being sold by Sev.en Inntech a.s.

The office and business centre Karlák Shopping Square (formerly Charles Square Center) owned by KGAL is getting a new face. The complete rebranding, architectural modifications and reconstruction of retail and office spaces, including a modernised logo are all included in the reconstruction plan.

In 2022, KGAL’s new business volume reached almost €1.9 billion across all asset classes. The renewable energy funds exceeded their return targets by approximately 100 percent on average, the impact residential real estate fund, KGAL Core 5 LIFE, got off to a strong start and the aviation team took advantage of the industry’s comeback, securing 16 aircraft operating leases. KGAL also made a number of important internal decisions within the company, further providing for a successful future.

MidPoint71, an office building in Wrocław, was acquired by Trigea Real Estate Fund, the fastest-growing Czech fund. The project of Echo Investment, which obtained the occupancy permit earlier this year, was sold for over €100 million. In another deal, three office buildings in Fuzja Łódź project were acquired by KGAL Group, an independent investment and asset manager, for over €56 million.

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

KGAL Investment Management GmbH & Co. KG has acquired the Fuzja Office I building in Łódź with around 22,000 square meters of rental space on behalf of a pan-European special AIF. The property is certified with the first-class sustainability rating "BREEAM Excellent" and is scheduled for completion in the second quarter of 2022. The seller of Fuzja Office I is Echo Investment S.A., one of the largest listed Polish property developers.

Echo Investment signed a preliminary sale agreement for three office buildings in Fuzja Łódź, that will be acquired for over €56.4 million by KGAL Group, an independent investment and asset manager. The buildings encompass 22,000 sqm of BREEAM-certified office space. They are a part of mixed-use Fuzja, a project revitalizing a post-industrial area of Łódź.

From August 2021, KGAL GmbH & Co. KG, a leading independent  European investment and asset manager based in Germany, has appointed Savills as property manager for Prague’s DRN building. Savills also continues to provide asset management services for the building, which it has been providing since July 2020.

Villa Offices, part of the Warsaw Brewery complex, was acquired by KGAL Group, a leading independent investment and asset manager. The building was sold for approximately €86.7 million.