CBRE acquires Praga Studios from Skanska

Real estate consultant CBRE Global Investors has acquired Praga Studios, a high-quality grade A office building in Prague, from Swedish real estate company Skanska.

“We are building a well-diversified office portfolio for our client in EMEA and Praga Studios is a high-quality addition to their existing assets,” said Myles Sanger, portfolio director at CBRE Global Investors.

The 12,085 square metre asset spans seven floors and is located in Prague 8, one of the fastest-growing office submarkets in the city.

“Prague is one of the most desirable locations in Central and Eastern Europe,” added Adrian Karczewicz, head of divestments at Skanska commercial development business unit in CEE. “While the office stock is constantly growing, the demand for prime office assets remains very high among tenants and investors, both domestic and international. I am glad that Skanska could offer CBRE Global Investors a fully leased A-class building in one of the best locations in the Czech capital city.”

Praga Studios is Skanska’s 11th development in Prague. It defines a new high-quality standard for future proof offices combined with the industrial tradition of the Karlin district. Original façade, green roofs and an open-to-public specious atrium, where artistic and cultural events can take place are among its many interesting features making this place special. The building will also be equipped with an innovative integrated operating system, connected by Skanska, which facilitates daily building and office management.