Month: May 2007

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 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