Dallas firm to acquire office center in Prague

Lincoln Property Co. has jointly invested with Upvest, a Czech investment platform, to acquire Zirkon Office Center in Prague from Czech investor ČMN.

Located in Prague’s most popular location for living and working, Karlin district, Zirkon Office Center contains 11,500 square meters (123,785 square feet) of rentable office space spread across five stories. Lincoln Property Co. will oversee the asset management and redevelopment of the building as it looks to enhance its ESG credentials to ensure it meets the future requirements of its tenants.

Thanks to the exceptional location right next to public transport, the efficient shape of the office floors and the building’s uniquely authentic history, we will be able to deliver a very attractive mixed-use product,” said Štefan Puci, investment director of Lincoln Proper