ČESKOMORAVSKÁ NEMOVITOSTNÍ

The investment group Českomoravská Nemovitostní (ČMN), the third-largest office space landlord on the Czech market, together with the NEMO fund, has completed the acquisition of a portfolio from the NOVA Real Estate property fund valued at approximately 5 billion CZK. The transaction includes 5 office buildings with a total rentable area exceeding 37,000 m² and 11 retail parks covering an area of 72,000 m². With this acquisition, the ČMN group will expand its business into the retail segment.

The investment group Českomoravská Nemovitostní (ČMN) confirms the continued high demand for quality office spaces in Prague. Red Bull has become a new tenant in the prestigious Churchill Square II office complex, managed by ČMN, further increasing the already high occupancy rate of the building. This transaction underscores the attractiveness of Prague 2 and the high demand for quality offices.

Českomoravská nemovitostní (ČMN) has completed its acquisition of Churchill Square office complex above Prague’s main train station. To do so, it bought out the remaining 50% share from its Lebanese partner CFH. The two bought the building together from Penta Real Estate at the end of 2020. It’s the latest in a long string of deals where local investors have used the lack of foreign investors in the market to snap up key real estate assets.