The Myslbek office and retail complex on Prague’s centrally located Na Príkope street has been purchased from Anatol Invest Holding B.V. by the Max Realitni Fund.
Final details were not disclosed. Savills and iO Partners jointly represented the seller in a co-exclusive agency capacity and provided commercial advisory services.
The Myslbek shopping gallery and administrative center offers 16,940 square meters of office rental space and 7,736 square meters of retail space. Completed in 1996, the building consists of seven above-ground and four underground floors, including 326 parking spaces. This unique structure connects Prague’s high-street shopping area, Na Príkope, with Ovocny trh via a passage. It is named after a prominent artistic association that exhibited in the building in the first half of the 20th century.
“It is an honor to be involved in this significant transaction,” said Fraser Watson, Head of Investment at Savills. “I would like to extend my sincere appreciation to AEW for their trust in Savills and iO Partners and I am delighted that we have been able to help guide the sale to a conclusion. I wish the new owner, Max Realitní Fund, all the best as they take over ownership and begin the next chapter of this iconic building’s journey!”
“Myslbek is a landmark property that reflects the exceptional work and vision of its previous owner,” added Petr Strycek MRICS, Head of Capital Markets at iO Partners. “This transaction highlights the sustained demand for prime assets in Prague, and we are proud to have supported AEW during this complex divestment process. We are confident that the new owner, Max Realitni Fund, will uphold Myslbek’s exceptional legacy and continue its role as a vibrant hub for business and retail, maintaining its key position in the heart of Prague.”
Richard Moravek, one of the founders of Max Realitní Fund, was enthusiastic about the fund’s recent acquisition. “Myslbek presented an extraordinary opportunity that rarely arises in the real estate market,” he said. “It is an exceptional property in an unparalleled location in Prague’s ‘Golden Cross’ area, between the National Museum, Mustek, and Namestí Republiky. We believe Myslbek has significant growth and value appreciation potential. As with our other properties, we plan to improve the building and its offerings. We intend to revive the interiors with respect to the original architecture, diversify the tenant portfolio, and are considering the creation of a stylish destination dining zone. The primary goal will be to integrate Myslbek fully into Na Príkope street and Ovocny trh, making it a dynamic and integral part of the city.”
Image source: www.akciceny.cz