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- January 1, 2011: Vol. 5, Number 1

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Invesco Sells Mixed-Use Property in Prague

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Invesco Real Estate has sold a mixed-use property in Prague to CPI Group for €29.3 million. The Longin Business Centre was held by Invesco’s first dedicated property fund for the central European market, the ZEI fund, which was launched in 1998 with an expected 12-year lifespan. The core-plus fund, which targeted German institutional investors, now has two remaining properties.

Longin Business Centre comprises 10,550 square metres of office space and a 55-room hotel; the asset is 96 percent occupied.

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