DekaBank pays EUR 76 million for offices in Prague

The office building consists of two connected office towers with 15 and 17 stories as well as a four-storey, low-rise building. The 13,433-sqm surface area has a net leasable office space of 27,757 sqm, of which 22,722 sqm is office space, 899 sqm retail space and 4,136 sqm archive space.
The office market in the Czech Republic is concentrated in the capital Prague. With a transaction volume of approximately EUR 880 million, the office investment market reached a new record in 2006. The stock of office space in Prague is currently 1.8 million sqm.