News

DTZ Investors (European Asset Manager) and Mint Investments Group (Czech Asset Manager) have acquired the freehold interest in Main Point Pankrác, Prague for €130 million, representing a Net Initial Yield of 4.50% on behalf of a South Korean Investor.

The Main Pont Pankrác office building is located in Prague's Pankrác district. The property comprises 23,500 sq m of mixed use accommodation over 10 storeys and 406 parking spaces on three underground floors. Key tenants include McKinsey, Unipetrol and a subsidiary of BNP Paribas.

The property was developed in 2018 by leading developers, PSJ INVEST and designed by local architects, DAM architekti. The low-energy building has recently achieved a LEED Platinum certification through its incorporation of several high-profile sustainability features. One feature includes a specially designed facade using recently patented Japanese technologies, which removes smog and other pollutants from the surrounding air.

Tony Gibby, Director DTZ Investors, said: “We are delighted to have purchased such a high-quality property in Prague. The core income profile, quality of occupiers and specification of the building make it a rare asset in Central and Eastern Europe”.

David Peacock, DTZ Investors, said: “This asset is at the leading edge of environmental standards, making it a stand out property. Clearly its location, connectivity and the quality of the build has resulted in a number of exceptionally high-profile tenants relocating to the building”.