Spanish investment fund Azora Europa I, sold Galleries Louvre, an office building in Prague 5, to the private equity platform Redstone Real Estate. The price of the deal was not disclosed. The mid-sized, A-grade building, completed in H2 2008 near the Radlická metro station, offers approximately 4,800 sqm of prime office space. Tenants include Lukoil Accounting and Finance Europe (LAFE), the health insurance company Všeobecná zdravotní pojišťovna and Swiss engineering company Stadler. JLL represented Azora Europe on the deal, alongside CNS Cameron McKenna. The buyer was assisted by Squire Patton Boggs as its legal advisor and Deloitte as its tax and financial advisor.
