Penta Investments has sold the Florentinum mixed-use complex in central Prague to Chinese investor CEFC.
Neither party has disclosed the financial arrangements of the deal but Czech media estimate the price to be from EUR 275 to 283 mln.
Florentinum is an office complex completed in 2014. It offers 63,000 sqm, with 48,000 sqm of office space and an 8,000 sqm of retail section. “We see Florentinum as an exceptional business opportunity and as an integral part of our strategy to establish our European headquarters in the Czech Republic,” says Chan Chauto, the president of CEFC China.