CBRE Global acquires two office assets in Europe
Transactions - AUGUST 5, 2019

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CBRE Global acquires two office assets in Europe

by Kali Persall

CBRE Global Investors has purchased two office properties in Prague, Czech Republic, and Amsterdam, Netherlands, the firm announced on Aug. 5.

CBRE acquired the newly-developed grade-A office building in Prague from Skanska for €55 million ($61 million) on behalf of one of its global separate account clients in EMEA.

Praga Studios spans 12,085 square meters (130,081 square feet) and seven floors. It is fully-let to five tenants, which include a co-working operator and IT companies, in addition to Edwards Lifesciences, the medical equipment company that anchors the building.

The new building was developed by Skanska in the second quarter of 2019 and is expected to receive LEED Platinum (Leadership in Energy & Environmental Design) and WELL Core & Shell certificates. It is Skanska’s 11th development in Prague.

It is located in Prague 8, an extension of Prague CBD that has notoriously attracted tech and creative occupiers to its mixed-use environ

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