May 2007 - EPG GPI
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Hannover sets benchmark yield with Palladium deal

By Rosťa Černý

Purchase of Prague mixed-use development sets record for Central Europe. The largest-ever single asset transaction in Central Europe has set a new benchmark yield for prime real estate in the region. German closed-end fund manager Hannover Leasing has paid around 500m for the Palladium in Prague, the Czech Republic’s largest central shop and office project.The … Continued

Hannover Leasing acquires the Palladium in Prague

By Rosťa Černý

Hannover Leasing GmbH & Co. KG just acquired the largest downtown business and shopping center in the Czech Republic. The Palladium is centrally located in Prague’s inner city, and includes about 19,500 m² in office space in addition to 200 stores and gastronomy businesses on more than 39,000 m². Underlying the transaction is a property … Continued