Generali Real Estate has completed the acquisition of International Business Center (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 center of Prague, in the modern Karlín district next to the Florenc metro station, International Business Center 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.
IBC offers around 24,000 square meters (258,000 square feet) of office and retail space with a BREEAM certification. It hosts several tenants, among the most prestigious companies in the Czech capital.
The operation marks the first acquisition in Czech Republic by the new Generali Real Estate Core Plus fund, an investment strategy focused on the office sector, targeti
