CEZ building attracting bids

There seem to be quite a few properties on the market these days, with the latest asset to be mentioned being the CEZ building in Prague 4. It’s thought that three bidders were involved at one point, and that towards the end of the year Orco got involved with a bid. If true, it would be remarkable under the current circumstances for various reasons, not least since the vendor, the Endurance fund, is so tightly linked with Orco. It’s also remarkably circular that one of the other competitors for the asset was thought to have its original vendor. Both groups are now thought to be out of the running.

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