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Home News Deals Acquisition

Amundi Sells Louis Vuitton Building in Prague to Raiffeisen

David Stuckey by David Stuckey
November 27, 2024
Reading Time:1 min read
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Amundi Sells Louis Vuitton Building in Prague to Raiffeisen
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Investment company Amundi Czech Republic has sold a historic Art Nouveau building at Parizska street 3 in Prague, which serves as the Prague headquarters of Louis Vuitton, to the Raiffeisen real estate fund, which is managed by the Raiffeisen investment company.

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“For the Raiffeisen real estate fund, this is a significant transaction underlining the chosen strategy,” said Vít Svoboda, portfolio manager of the Raiffeisen real estate fund. “Parizska 3 is synonymous with the best in terms of quality, location and tenant. Louis Vuitton – the world’s most valuable and biggest fashion icon. We are glad that we were able to complete this transaction with the support of our advisors and the trust of our shareholders. However, luck also smiled a little on us. The still perceptible absence of otherwise predatory foreign capital on the market allowed us to compete with other interested parties and acquire the property under conditions that meet our expectations.”

Tags: Czech Republic
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David Stuckey

David Stuckey

A founder and former Executive Editor of CEE Legal Matters Kft., now writing for CEE Real Estate Matters. A professional writer, editor, publisher, consultant, and entrepreneur, and an amateur tennis player, cinephile, and bon vivant.

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CEE Real Estate Matters is an online and eZine format publication dedicated to the fast-moving real estate markets in Central and Eastern Europe. Our diligent team of journalists works tirelessly to bring about news and analysis in five key areas: residential, office, retail, logistics and proptech. We guide real estate professionals through the complexities of these sectors, from stand-out development projects and deals, to financing, legislation and big executive moves.


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