Chinese investors are increasingly focusing on real estate opportunities in Prague. Hospodářské noviny writes that the first deal will likely be the acquisition of Artgen Office Gallery. PPF Real Estate, the property arm of PPF Group owned by the Czech billionaire Petr Kellner, is expected to sell the recently completed project to the Chinese firm CEFC, one of China’s leading private businesses. The daily writes that due diligence is currently underway.
The complex, located in Prague 7-Holešovice, consists of two buildings and offers a total of 23,000 sqm of office and 2,500 sqm of retail space. Czech e-shop Mall.cz will be the first tenant to move into the building. A Kolkovna restaurant will take retail space on the ground floor.
