Immofinanz today announced that it sold the office building BB Centrum Building C located in Prague to the VIG Fund. Financial details were not disclosed. According to the company, the property is part of the business park BB Centrum comprising a total of ten office buildings in Prague 4. Of these, three others are owned by Immofinanz. "Cycle-optimised sales ensure that an adequate amount of equity is available for the continuous improvement of our development pipeline – the same applies to the sale of BB Centrum Building C. From a strategic perspective, the transaction will result in a more even distribution of our office property portfolio in Prague and thus constitutes an important step in its continued optimisation. The sale is also part of the successful implementation of our sales strategy", comments Immofinanz COO Manfred Wiltschnigg.
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