Today Palmer Capital, the leading real estate fund manager, announces the sale of four office properties, from its Palmer Capital Central European Properties a.s. portfolio to 1. Regionalni uzavreny investicni fond, a.s..(1. RUIF).
The sales include office buildings from across the Czech regions: Silingrovo namesti 3, Brno; Polni 92, Brno; Marianska 4, Olomouc; and Antoninovo namesti 92, Frydek Mistek. The four multi tenanted properties provide a combined lettable area of 13,200 sqm and were almost fully occupied. The transaction volume exceeded CZK 200 million, which is great news for Palmer Capital and its investors.
Ben Maudling, Managing Director of Palmer Capital Investments GmbH said ‘We are pleased to have completed this successful transaction with 1. RUIF. Our plan for this particular portfolio is to undertake further sales in the forthcoming year and so this deal sends a positive message to our investors’.
Michael Sanitrnik, Chairman of the 1. RUIF Board said “For 1. RUIF the transaction represents continuation of the strategy of focusing on regional capitals in the Czech Republic. We believe these four properties will positively complement and support the performance of existing regional portfolio.”
