Korean investors buy Prague office

A consortium involving South Korean investment vehicles has been selected as the preferred bidder for acquiring the Rustonka office buildings located in Prague from Cypriot company Gramexo.

The office asset is valued at approximately 210 billion won ($185 million).

The consortium consists of two units of South Korean banking group Hana Financial Group and White Star Real Estate, a Europe-based asset manager.

Rustonka Business Center is located in Karlin, part of Prague 8 municipal district.

The 37,000-square-meter (400,000-square-foot) office complex consists of three buildings, two of which were completed in 2017 and 2018, respectively. The third building is scheduled to be completed next month.

Tenants include Amazon, VEEAM, French asset manager Amundi and China’s Bank of Communications.

Hana Financial Investment has been active internationally. Recently, Hana Financial Investment said in a statement that it has signed a partnership agre