Passerinvest acquired the residential portion of the Metronom project at the Nové Butovice metro station in Prague 13. The project, called Metronom West, allows for the development of 20,000 sqm of residential apartments. The transaction follows the purchase of the project’s office portion, Metronom East, by HB Reavis earlier this year. CBRE brokered the transaction, representing the seller, Real Estate Metronom. Jan Hospodář, Head of Land and Development Opportunities at CBRE, said the two transactions open the way for the complete revitalization of the micro location by two of the strongest developers currently on the Czech property market.
