The RSBC investment group acquired the Millenium Center office complex in Brno from Generali Investments’ CEE investment fund. The asset’s market value in the heart of the Moravian metropolis is estimated at €7.8 million (CZK 200 million).
The Millenium Center complex located near Brno’s main railway station consists of four interconnected 5-storey buildings. The original building from 1850 underwent a major renovation and modern completion, which was completed in 2003. It includes variable office space, retail space accessible directly from the street, a large training hall and a garage with a capacity of 134 parking spaces. A photovoltaic power plant with a license to produce electricity is installed on the roof of the building.
“We acquired a building in an attractive location with a leasable area exceeding 5,000 sqm, which fits perfectly into our investment plan. This is a property with development potential and the possibility of multifunctional use,” says Jan Ditz, Director of RSBC Real Estate.
The real estate portfolio is a key investment area of the RSBC Group, which was established in 1998 as the administrator of the resituated property of the Schönfeld family. The group currently manages properties with an area of 55,000 sqm with a market value of CZK 2 billion. The group’s portfolio includes residential, office and commercial buildings, agricultural land and companies providing comprehensive professional services related to the acquisition, management and sale of real estate.