Wednesday, 29 April 2026
CPI Europe AG has completed the sale of a historic mixed-use property located at Na Příkopě 14 in Prague, marking the conclusion of a long-term asset management cycle.
The building, held by CPI Europe since 2006, comprises approximately 17,200 sqm of lettable space and is considered one of the more prominent office and retail assets in the city’s historic core. The disposal follows a period of active asset management, during which the company repositioned the tenant mix, refurbished the premises and enhanced the building’s overall performance.
The retail component has undergone notable changes in recent years. Previously occupied by Hamleys and later by The Playground, the space is now being prepared for a new flagship fashion tenant expected to open in autumn. Other occupiers include White & Case and Lidl. The property holds an LEED Platinum rating, reflecting its sustainability credentials.
According to Pavel Mechura, the transaction reflects the completion of the investment cycle for the asset and highlights the role of active management in positioning properties for long-term investors.
The Na Příkopě 14 disposal represents CPI Europe’s second transaction exceeding €100 million in April. The company intends to allocate proceeds towards debt reduction and continued investment, with a focus on expanding its STOP SHOP retail park platform across Central and Eastern Europe. Current development activity includes four projects in Croatia, with additional schemes planned in Serbia, Hungary and Croatia for the 2027–2028 period.
