J&T Global Estate has completed the sale of its project Rustonka in Karlin – Prague 8 in a deal that sees the asset taken over by the Korean investment fund Hana Alternative Asset Management and the European asset manager White Star Real Estate. The E15 server reports on the deal, news of which was broken in March by a Korean website. The value of the 37,000 sqm office complex at the Invalidovna metro statio is estimated at CZK 4.2bn, but there was no price revealed for this transaction. Tenants in the building include Veeam, Amazon and Amundi. J&T finished the first two buildings in the complex by 2018, while the third is currently nearing completion. The deal is confirmation of the increasing influence Korean capital is having on investment markets not just in Prague but across Europe.
