ICP Capital Partners has entered the Czech investment market with the acquisition of Na Rybníčku office building from an Irish private investor. The purchase price is believed to be approximately €5 million (CZK 130 million).
Na Rybníčku is a 2,400 sqm office building located in the centre of Prague. It represents an architectural connection of both a modern and an historical building from the 17th century.
Marek Klaus, Partner at ICP Capital Partners, said: “Demand for office space in Prague is probably at its highest level in the last decade. Furthermore, due to Na Rybníčku’s specific location, its long-term tenant and the building’s potential, we perceive this project as a low risk exposure yet with a very stable return.”
According to its website, ICP Capital Partners „builds on an enthusiastic and skilled team of professionals with backgrounds from M&A, real estate, strategy, and financial advisory.”
The purchase price is believed to be approximately €5 million (CZK 130 million). ICP Capital Partners aims to build a portfolio of €39 million (CZK 1 billion), ef15.cz reports
