Mint Investments has completed the acquisition of Polygon House, a 10,500 sqm office building along the D1 motorway in Prague 4. The price of the transaction is just over €20m. The building is located near the Pankrác metro station and Arkády shopping center and is visible from the D1 motorway. The Civic Democrats (ODS) had been headquartered at Polygon since 2009 but vacated its 900 sqm space this summer after losing last year’s elections. ODS reportedly could not afford the CZK 400,000 monthly rent anymore. The space remains vacant, and the building is now 90 percent occupied.
Mint bought the building on behalf of a group of private investors from CPDP2, a Česká spořitelna investment fund. The acquisition comes three months after Mint purchased two prominent buildings at the bottom of Wenceslas Square in Prague 1: Euro Palace and Astra Palace which sold for a total of around €40m.
