Generali Real Estate acquires landmark office building in the center of Prague

Generali Real Estate S.p.A. (GRE) has completed the acquisition of International Business Centre (IBC), a prestigious office building in Prague, from Mint Investments, on behalf of the pan-European “Generali Real Estate Core Plus” fund managed by Generali Real Estate S.p.A Società di gestione del risparmio.

Located in the city centre of Prague, in the modern Karlín district next to the Florenc metro station, International Business Centre was built in 1993 as one of the most distinctive office buildings in Prague. Since then, it was only partially renovated over time, with a potential to fully express its value.a

IBC offers around 24,000 square metres of office and retail space with a BREEAM certification. It hosts several tenants, among the most prestigious companies in the Czech capital.

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