Caerus IM acquires Phase 1 of Futurama Business Park located in Prague Czech Republic from Invesco Real Estate on behalf of a separate account client.

Prague/London, 30th March 2017 – Caerus Investment Management (Caerus IM) has today announced that on behalf of a private separate account client, it has advised and structured the acquisition of Phase 1 of the “Futurama Office Park” located in Prague 8, Czech Republic adjacent to the Invalidovna metro station.

The Property was acquired for an undisclosed price from global real estate investment manager Invesco Real Estate (IRE) on behalf of one its closed-end real estate funds. Known as “Futurama ABC”, the property consists of three buildings completed in 2009, all modern class A and multi-tenanted providing a combined 19,300 sqm of state-of-the-art office and retail premises leased to an enviable list of international and domestics occupiers.

Christopher Millen, Managing Director of Caerus IM, said: “We are very pleased that we have been able to secure Phase 1 of Futurama BP. This was a strategic acquisition on behalf of one of our separate account clients having already acquired Phase 2 of the same property with the same client in late 2015. With these additional buildings, we are creating a critical mass in what is one of Prague’s most prominent business park configurations which will enable us to build upon our existing tenant relationships and manage the properties more effectively. We believe such consolidation strategy will greatly benefit both our investor and also the quality of the services we can offer to our now combined set of tenants.”

Ryan Wray, Director Capital Markets at Knight Frank commented: “We are delighted to add this transaction to our list of successful sales. We have a long-standing relationship with both Invesco Real Estate and Caerus IM and it was a pleasure to partner with these two leading investment management companies.”

Wilsons and PwC acted as legal and tax advisors to Caerus IM, while Havel & Holasek and TPA Horwath acted in the same capacities for the seller. Knight Frank were exclusive sales agents acting on behalf of Invesco Real Estate.

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