Generali Real Estate’s Core+ Fund has acquired the IBC office building in Prague’s
Karlín neighbourhood from local investor Mint Investments for EUR 70.2 million .
Built in 1993, International Business Center consists of ca. 23,800 square
metres of lettable area and 299 parking spaces.
The building has nine above-ground floors and two underground floors.
project has three buildings surrounding a quiet atrium full of lush
greenery. It offers flexible offices ranging in size from 50 m2 to 1,500
IBC is located next to a Hilton Hotel.
The IBC building was designed to offer tenants a superb work environment, first-class services available on-site in the building and surrounding areas and great accessibility by public or individual transport.
Mint Investments, a Central European real estate investment and asset manager, acquired the building on behalf of a syndicate of private investors from AEW Europe in