Orco announced sale of three properties
Orco Property Group has announced the previously notified sale of three properties in Prague with a total value of 30.7 million EUR (approx. 768 million CZK). Orco sold the complexes Vysočanská Gate,…
Orco Property Group has announced the previously notified sale of three properties in Prague with a total value of 30.7 million EUR (approx. 768 million CZK). Orco sold the complexes Vysočanská Gate, Jeremiášova Office Building and North East Corner – part of land in Bubny. The server Patria.cz informed about this. The land in the Bubny area with a total area of 10,000 sqm was sold for EUR 8.1 mill. to the company Skanska Property. The plots are intended for construction of commercial property and they were part of a total of 25 hectares owned by Orco in the area.
The server says that the Vysočany Gate office complex with a total of 12,000 sqm and a value of 20 million EUR in Prague 9 will also be sold to Skanska Property. At the end of November, Orco Property Group sold the office complex Jeremiášova office building with 2,500 sqm of offices in Prague 5 to JAMP for a total of 2.6 million EUR.