CORPUS SIREO Real Estate, Cologne / Germany, has acquired the “Oasis Florenc” office property in Prague from an international investor. Due to its location in the increasingly popular 8th district of Florenc, between Nové Město (New Town) and Karlín, the property counts among the most sought-after office buildings in the capital city of the Czech Republic. The purchased asset is located near the Vltava river and will now be included in the pan-European DEREIF SICAV-FIS fund. The parties agreed not to disclose the purchase price.
The “Oasis Florenc”, measuring 18,700 square metres, is leased to high-profile companies such as J&T Services, ELI LILLY, Wolf Theiss and Cisco Systems. In addition to a shopping arcade with retailers and catering, the property, which was built in 2007, also entails underground parking with 141 parking spaces and a generous green space for outdoor leisure activities.
The purchaser was supported by TPA and bvp Braun Partners and the seller by CBRE and Kinstellar.
CORPUS SIREO had only recently acquired the “Eiffel Palace” office property in Budapest from the Hungarian National Bank for the DEREIF SICAV-FIS. This building is one of the most well-known properties in the Hungarian capital city and is located near to Nyugati tér (Western Square), in the heart of the business and financial district.
The full 14,500 square metres are leased. The tenants include PwC, CBRE, the British Chamber of Commerce, the Eiffel Palace Conference Centre and catering and commercial businesses.
The property also features an underground garage with charging stations for electric and hybrid vehicles and a large green space in the atrium.
The LEED- and BREEAM-certified property was built in 1893, extensively renovated in 2013/2014 and acquired by the Hungarian National Bank in summer 2014.
About the Pan-European DEREIF SICAV-FIS fund
So far, CORPUS SIREO Real Estate has acquired real estate in eight European major cities with a total value of more than €510 million for the DEREIF SICAV-FIS. In doing so, the target volume has been achieved of the first tranche of the DEREIF SICAV-FIS. With a second tranche, the fund will expand to €800 million.
The DEREIF SICAV-FIS invests in core and core-plus office properties with a retail space content of up to 30 percent in central inner-city locations in major European cities.
Yvonne Hoberg, Public Relations
Phone: +49 221 39 90 0 120
About CORPUS SIREO
CORPUS SIREO is a multi-disciplinary real estate service provider which has received numerous awards. The company operates as a fund and asset manager, investor and project developer in Germany and other European countries. It also acts as a co-investment partner for pan-European real estate investments. CORPUS SIREO employs approximately 530 staff at 11 locations in Germany and Luxembourg, and is part of Swiss Life Asset Managers. With companies in Switzerland, France and Germany, Swiss Life Asset Managers manages real estate assets with a total value of approx. 68 billion Euros (as of 31.06.2017).
CORPUS SIREO manages special funds with a current volume of 2.3 billion euros. The company has expertise and its own presence in the German regional markets as well as in the health real estate sector, where the company is one of the German market leaders.