We have acquired FOC for our private clients05.10.2011
Mint Investments, a Central European administrator of non-public real estate investment portfolios, has successfully completed the acquisition of the Factory Office Centre (FOC).
The FOC, located in the popular district of Prague 5 – Smíchov, represents approximately 10,000 m2 of the highest quality office and retail space, leased mainly to international tenants. The transaction amounted to nearly 30 million Euro. Factory Office Centre building has an excellent location next to one of the largest transportation hubs in Pragueand is fully occupied. It boasts long-term leases with international tenants such as Johnson & Johnson and companies from the WPP group.
Mint Investments has extensive experience in managing real estate investments for international and local institutional investors. By raising and allocating free resources from local private investors in the real estate market, Mint Investments has once again demonstrated its flexibility and adaptability to changing market conditions.
Radim Bajgar, a partner at Mint Investments, said: “Our primary focus remains establishing and managing non-public real estate investment portfolios for large local and international institutional investors. As a result of great potential and rapid growth in interest of local investors in investing their free capital into commercial real estate, we can now offer a comprehensive solution for this private clientele.