ČS nemovitostní fond, managed by REICO, has sold the Barbican logistics complex in Prague, claiming it no longer matches its its current investment strategy. Tomáš Jandík, director of REICO said the sale will allow the fund to invest in properties above CZK 500m. He added that following recent acquisitions in Prague, the company was in negotiations for other acquisitions. EIS Property Prague, a member of K&K Invest Group, bought Barbican, which is located near the Prague airport and the Prague ring road. Current tenants include JAB, Textile House, Planet Drinks and the Mladá Fronta publishing house. The sale left REICO with nine properties in the portfolio, worth over CZK 10bn.
