Revetas announced the successful disposal of the remaining assets of its Revetas Capital Fund II’s Project Papa office portfolio in Prague, bringing the total transaction value to over €100 million. One of the four assets initially comprised in the portfolio, BBC Vila, has previously been sold to Passerinvest Group. The three remaining buildings with a total GLA of c. 33,000 sqm are located in close proximity of each other in the Karlin neighbourhood of Prague’s 8th district and were acquired by local real estate group Českomoravská Nemovitostní (ČMN). The terms of the transaction were not disclosed.
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