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KGAL acquires Charles Square Center in Prague

2022-02-24T09:56:00

Grünwald, 24.02.2022 – KGAL Investment Management GmbH & Co. KG has acquired the Charles Square Center in Prague, which includes offices, retail, restaurants and healthcare space, on behalf of a pan-European fund. The city centre property with a total of almost 20,000 square metres of leasable space has a roster of international, renowned tenants. The seller was Commerz Real.

Prague is the cultural centre of the Czech Republic and, according to a recent survey by a leading international travel magazine, the “most beautiful city in the world”. Above all, Prague is also the economic centre of the country; the capital contributes a quarter of the national economic output. The Czech Republic is also notably the country with the lowest unemployment rate in the EU (2.1 per cent at the end of 2021).

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