Green Park Letňany has a new owner

Savills has successfully facilitated the disposal of Green Park, Letňany, in Prague 18. The property has been acquired by the CREDITAS Nemovitostní I fund. The asset was built in 2005 and is almost fully leased. It is situated in a densely populated residential area with several complimentary commercial buildings in the immediate vicinity. Located close to the arterial D8 highway to Germany, the property has excellent connections to Czech’s highway network as well as accessibility to the capital city, Prague.

Fraser Watson, Head of Investment at Savills, says, “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 several 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 professionals involved in making this deal happen.”