
The property includes partially refurbished class B multi-functional office buildings comprised of six office and storage buildings extending to 18 240 m2 of rentable area. The property has sufficient car parking facilities with almost 280 spaces.
The B class office space is split between 2 buildings, Alfa and Delta. Additional storage and C class office space is provided through 4 single level buildings.
The property is located in a peripheral Outer City office location in Prague 4, approximately 8 km (20 minutes drive) to the city centre. The advantage of this position is to be situated near the Prague inner ring road providing direct access to the western and eastern districts of the city and the D1 highway to Brno (Vienna). Moreover, this is an area with a planned metro extension. The construction of the new line should start in 2009.
The property was constructed in the 1950’s with building extensions over the last 30 years. The primary office building underwent a significant refurbishment during 1998-1999, while continuous improvements have been carried out throughout 2000 – 2006.
Demand for Class B office space in this location comes primarily from local, national and, partially, from international companies looking to accommodate research, service and back office operations. The tenancies at the Property range from international to domestic corporations.
| Information | |
| Company | Endurance Fund |
| City | Prague |
| Region | Czech Republic |
| Project type | Offices |
| Address | Novodvorská 994, Praha 4 |
| Completion | 1950's |
| Rentable area | 18 240 m2 |
| Refurbished | 1998 - 1999 |
| Acquisition date | June 2007 |
| Valuation* | 21,2 million EUR |
| Occupancy** | 99% |
* as of 31st March 2008
** as of 30th June 2008