Thursday, 27 November 2025
CA Immo has completed the sale of the Kavčí Hory Office Park office building in Prague’s Pankrác district. The property, which has approximately 42,300 m² of leasable space and 700 parking spaces, was sold to the Conseq Group. The asset generates annual gross rental income of about €7.7 million, is 96% leased, and has an average weighted lease term of nearly four years. The sale was executed at around book value, the company said.
“Having achieved almost full occupancy, our business plan for Kavčí Hory has been fulfilled. With this sale, we are taking advantage of market liquidity to free up capital for alternative allocation options while monetizing expected future profits in a situation where we no longer see significant scope for further value creation within our business model,” said Keegan Viscius, CEO of CA Immo.
The transaction forms part of CA Immo’s ongoing capital rotation strategy, which focuses on concentrating its portfolio on large, modern Class A office buildings in central locations. As part of this approach, the company sells assets that no longer fit its core profile in relation to location, building quality, age or value-creation potential. Proceeds are directed toward new development projects, debt reduction, corporate purposes, distributions to shareholders, or acquisitions where appropriate opportunities are identified.
CBRE acted as transaction advisor, while CA Immo received legal counsel from Dentons.
As of 30 September 2025, CA Immo’s Prague portfolio comprised six office buildings with a total leasable area of around 110,000 m² and a book value of approximately €400 million. All buildings hold LEED Platinum, LEED Gold or DGNB Platinum sustainability certification.
