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September hat-trick for Jones Lang LaSalle Czech investment team


London, 7 October 2013 - The Jones Lang LaSalle Czech Investment team has completed three individual transactions during September.

JLL represented the owner, FIM Group, in the sale of Pařizská 26, a combined high street and office building located within the UNESCO World Heritage city centre. The purchaser was Česká Pojišt’ovna. The transaction set a country benchmark for per square metre capital values and commercial yield profile.

In addition were the sales of the 20,000 sqm Industrial Park Ostrava in the east of the country on behalf of Segro to IAD, a regulated Slovak Investment Fund and the mixed-use office and retail complex, Prague Gate on the outskirts of the capital which was sold on behalf of Mayfield Property to a domestic investment fund.

Commenting on the deals, Stuart Jordan, Head of Capital Markets, Jones Lang LaSalle Czech Republic said: “The combined transaction sizes for these deals total €50m and they push the Czech commercial real estate investment market above €1bn for 2013. This compares to €650m recorded in all of 2012”.