Commerz Real sells Charles Square Center in Prague to KGAL
Commerz Real has sold the commercial property “Charles Square Center”, which is located in Prague’s New Town quarter, to KGAL Investment Management. The building was erected in 2002 and had been in the portfolio of the Commerz Real open-ended real estate fund Hausinvest since 2007. “Following a successful repositioning and full leasing we have utilised the ongoing demand for core properties to attain a very good result for our investors thanks to a sale,” explains Mario Schüttauf, the fund manager...