WOOD & Company Office Sub-Fund, one of the Czech Republic’s leading real estate funds, has completed the acquisition of Green Point, a 7,500 sqm A-class, BREEAM Excellent office building located in Prague 5, Anděl. Colliers, Glatzova & Co., TPA and OM Consulting advised WOOD & Company on the transaction. Colliers will manage leasing following the acquisition.
Green Point is a landmark property benefitting from high visibility while providing a surprisingly quiet and calm working environment thanks to the building design, technology and materials used. The Property is situated within a walking distance from Anděl metro and tram stops providing excellent public transport accessibility and offers amenities such as the Nový Smíchov shopping centre and various cafes and restaurants. Current tenants include MSC, a world-leading container shipping company, Grip Digital, a full-range video game developer providing services to some of the world’s top gaming companies and Agriwell, an organic agricultural producer and seller.
Colliers International has been the exclusive leasing agent for the building since April 2020 and has completed most of the fit-out works in the building through their Design and Build a team. Colliers is currently continuing with the leasing activities under the new owner.
WOOD & Company is a leading investment bank in the Central European market. Founded in 1991, the group has offices in seven European cities: Prague, Bratislava, Warsaw, Milan, Bucharest, Dublin and London. The company focuses on providing services in the areas of corporate finance and capital markets, securities trading and asset management.
WOOD & Company Office Sub-Fund is one of the leading local funds of qualified investors focusing on commercial office properties in the Czech Republic, Poland and Slovakia with more than 200,000 sqm of leasable area.
Konstantin Cordery, Senior Associate at Colliers commented: “We are delighted to have advised WOOD & Company in identifying and completing the acquisition of Green Point. This transaction demonstrates that in the face of limited office product availability in Prague, investors that can adapt their strategy to embrace alternative solutions will be able to further fulfil their investment criteria and achieve their investment goals.”
