Immofinanz sells Valdek in Prague

Immofinanz has sold the renovated 1930’s Valdek building located in Prague’s 2nd district for a price it claims exceeds its book value. It’s put the transaction in the context of the company’s ongoing “optimization” of its portfolio, which apparently has no room for buildings of just 5,800 sqm, according to Immofinanz CEO Eduard Zehetner.

Immofinanz hasn’t disclosed, yet, the identity of the Danish group that’s purchased the building, but it’s child’s play to figure out…

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