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).
You can now read the full press release at the link below
Supporting documents
Click link to download and view these filesKGAL acquires Charles Square Center in Prague on behalf of pan-European fund
Word, Size 95.15 kb
