Helaba to finance prime office complex Churchill Square in Prague
Helaba is providing a loan of more than €100 million to finance the acquisition of the Churchill Square office project in Prague. The buyers are the Czech real estate company Českomoravská Nemovitostní (ČMN) and the CFH Group. CFH Group is an investment group active in Europe and the US with a focus on core investments in major cities in Germany, UK, US, the Netherlands and Poland. CFH Group concluded a total investment volume of around €450 million during 2020. The real estate company ČMN ranks among the top office space owners in Prague. In 2019, it closed the most valuable deal of all Czech investors that year, adding Crystal and BLOX office buildings to its portfolio. The success story has continued in 2020, with the acquisition of City West C1 and C2, as well as most recently the Churchill Square office buildings. Churchill Square consists of two adjoining office buildings, which were completed in 2019 and 2020 respectively. Comprising a…
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