The insurance company Kooperativa has bought the Main Point Karlin building in one of the rare property investment transactions seen in 2009. The purchase contract was signed in December. Construction should start soon, as Kooperativa wants to relocate its headquarters within two years. While the selling price wasn’t disclosed, market observers estimate the building went for around CZK 2bn (€76m). „The closing of this transaction by Kooperativa is good news for the entire office market, as well as the Czech Republic,“ commented Tewfik Sabongui, managing director at Jones Lang LaSalle, which assisted the buyer.

The 36,000 sqm building, designed by DaM Studio, will offer 22,000 sqm of office space over 10 floors, with the two bottom floors to be devoted to retail services and showrooms. A passage running through this part of the building will be connected to a footbridge crosing Pobřežní street to River City.

The developer PSJ INVEST has been planning the project for the triangular plot on Pobřežní street for eight years but was held up by complicated ownership issues.

„We began the search for Kooperativa’s new headquarters in 2008. A twoyear search period for this size of an occupier is not unusual, considering the fact that every project included into the selection had to undergo close scrutiny,“ explains Eduard Forejt, head of office agency in Jones Lang LaSalle.

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