Wilson & Partners has announced the successful completion of the sale of the Balabenka Office Building in Prague by Skanska Property to the CIB Group.
The price of the transaction was not disclosed. Wilson & Partners has undertaken some leasing of the building, and also acted on behalf of Skanska on the sale, along with Cushman & Wakefield.
Balabenka is located between Prague 8 and 9, two rapidly-developing parts of the city. The seven-story building provides 13,000 square meters of leasable office/retail space, and has an 81 percent occupancy rate. The building’s anchor tenants are Komercni Banka, CSOB, and Air Telecom. Skanska Property Czech Republic acquired the building, formerly known as Vysocanska brana, from ORCO, in 2010.