Savills has successfully overseen the sale of Green Park Letňany, a prime real estate asset in Prague 18, to the CREDITAS Nemovitostní I fund. This transaction marks a significant achievement in the Czech Republic’s bustling real estate market.
Built in 2005, Green Park Letňany is a nearly fully leased property located in a densely populated residential area, complemented by a variety of commercial buildings nearby. Its strategic location near the arterial D8 highway to Germany provides excellent connectivity to the Czech highway network and easy access to the capital city, Prague.
Fraser Watson, Head of Investment at Savills, expressed his satisfaction with the successful transaction. “We are proud to have been selected as a disposal advisor and are delighted that a successful transaction has been realized. The property is an excellent example of the liquidity of Czech’s real estate market, where we managed to generate significant interest from a number of highly qualified investors. The property type, being in the much-demanded industrial sector, and its excellent location were a perfect combination to achieve a strong result for our client. We would like to extend our thanks to all professional involved in making this deal happen.”
Green Park Letňany’s appeal is enhanced by its location in a vibrant residential district with complementary commercial amenities, making it an attractive investment. The property’s proximity to major transportation routes ensures seamless connections for both logistics and commuting, which is increasingly important in today’s fast-paced environment.
The acquisition by the CREDITAS Nemovitostní I fund underscores the growing interest in the Czech industrial real estate market. This sector has seen increased demand due to its resilience and potential for long-term returns, making properties like Green Park Letňany highly sought after.
