CEFC China has agreed to buy the Florentinum office complex in Prague from private equity group Penta Investments.
They did not disclose the value of the transaction, but the local CTK news agency put it at around €283 million ($311.50 million) without identifying its sources.
Chinese conglomerate CEFC has been on a buying spree in the air travel, banking, beer and real estate industries in the Czech Republic since last year.
The Czech government has pushed for closer trade and investment links with China, an effort boosted by a strategic partnership forged during a March visit by Chinese President Xi Jinping. The president of CEFC China, Chan Chauto, said that the company plans to establish its European headquarters in the complex.
The 49,000 sqm office building, with retail and restaurants on the ground floor, was designed by architect Jakub Cigler and completed in 2013. It is fully leased on long-term contracts to companies like EY, Havel, Holásek & Partners, Renomia, Veolia, BlueLink, Bank of China, HSBC Bank, RSJ, Hospodářská komora ČR, Dr. Max, Fortuna and Penta Investments.