Skanska has announced it signed an agreement to sell the Port7 office complex in Prague’s Holesovice district to AFI Group.
The transaction is valued at CZK 3.16 billion.
Port7 is located on the banks of the Vltava River in Prague’s Holesovice district on top of a transportation hub. The complex comprises three office buildings totaling approximately 36,000 square meters of leasable space and a land plot for future development. The fully leased office and retail premises host tenants from a broad range of sectors, including IT, media and publishing, flexible workspace, insurance, advisory services, and engineering, including: Shoptet, Aeven, Sweco, Economia, Scott.Weber, and COTY.
“The acquisition of Port7 represents another important milestone for AFI, reaffirming our focus on high-quality, well-located mixed-use projects. Port7 will be a valuable addition to our portfolio upon closing,” commented AFI Group Deputy CEO Doron Klein. “We are proud to have reached our first agreement with Skanska, who have delivered an exceptional project.”
“We remain confident in the office sector. The Czech office market is strong, robust, and stable,” added AFI Czech Republic CEO Karin Shalev Shogol. “Occupancy levels are high across the market and within our own portfolio. Our buildings are busy throughout the week, and we are seeing almost full occupancy overall, which is a very positive signal. That is why we value the acquisition of Port7 so highly. The recently completed premium office complex has a clear focus on sustainability and offers a vibrant program of activities for tenants and nearby residents that supports the local community. This is fully aligned with our vision and our existing portfolio.”
Clifford Chance, KPMG, CBRE, and Grinity advised AFI. Savills, iO Partners, and Dentons advised Skanska.
Image source: skanska.cz