In recent months, PPF has been selling off its development sites around Prague as well as the City Tower office building in Prague 4. But it’s made a return to the buyer’s side of the table now with the acquisition of KateĹ™inska 40 at I.P. Pavlova. The building served for many years as the Prague headquarters for PwC until the company moved out to Pankrác. PPF bought the building from ÄŚSOB in a deal whose price was not made public. The building offers 7,000 sqm of office space, with rents said to be around €15 per sqm per month. The building is not fully occupied at the moment. “PPF bought the building at the best time,” Zdenka Klapalová, MD of Knight Frank. She told HospodářskĂ© noviny that office space is being occupied quickly and that no new space is being created at the moment in the center.
