PASSERINVEST Group makes largest financial transaction on the property market
Company: PASSERINVEST GROUP, a.s.
Passerinvest BBC 2, part of the PASSERINVEST Group, concluded the largest financial transaction in the group’s history and one of the largest transactions in the area of office buildings ever in the Czech Republic. A portfolio of prime office buildings in Prague’s BB Centrum was created within Passerinvest BBC 2, including the ALPHA, BETA, DELTA and G buildings with a total leasable area of 80,000 m². The group received club financing from Česká Spořitelna and Komerční banka in the amount of 175 million euros for the refinancing of the expenses connected with the acquisition of these properties.
“In terms of volume, this transaction ranks among the largest transactions concluded on the commercial property financing market in the Czech Republic last year. Thus, we are continuing in the long-term strategy to purchase and administer the PASSERINVEST Group’s real estate portfolio,” stated Radim Passer, the founder and General Director of PASSERINVEST GROUP, a.s.
Over the course of its more than 25 years of operations on the local real estate market, the PASSERINVEST Group has shown that it stands on a firm foundation. In recent years it has expanded considerably and from a developer’s standpoint it has also become an investment company.