Skanska sells City Green Court to DEKA

The German property fund DEKA Immobilien has landed one of the major transactions for 2012 in Prague, the City Green Court building by Skanska. The building hasn’t even opened yet, but it’s basically fully leased at this point, including a mouth-watering 10-year lease to PwC, which is abandoning its long-time downtown headquarters. City Green Court is the first office building in the Czech Republic to have been pre-certified as a Platinum LEED project. The transfer of the property will take place towards the end of the year, but will be recorded in Q2 2012. The transaction, in which CBRE represented Skanska,  went through at a price of €53.7m.

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