The complex consists of four interconnected buildings in the shape of irregular glass crystals. It includes a shopping gallery with 60 shops. The construction of the complex took three years, it was opened in June 2021. The construction costs reached more than 3.5 billion crowns.
"The acquisition of the Bořislavek Center fits exactly into ČS Real Estate Fund's strategy of buying the best buildings on the market leased by renowned companies," said Tomáš Jandík, Chairman of the Board of REICO of the investment company Česká spořitelna, which manages the real estate fund.
According to Petr Pujman, CEO of KKCG REG, the sale fulfilled the group's business plan. "The appreciation we have achieved is one of the highest in the domestic real estate market. The KKCG Group and its subsidiaries will continue to inspect and use the buildings in the form of a lease, "said Pujman.
The total leasable area reaches over 40 thousand square meters. Three quarters of this is office space and the rest is retail space. The building is almost fully occupied, the main tenants include companies from the KKCG group. In addition to KKCG itself, these are Sazka, MND Group, Allwyn, KKCG Technology and KKCG REG. Volkswagen Financial Services or Pražská vodohospodářská společnost have also leased offices here for a long time.
The complex was built according to the architectural design of the Aulík Fišer Architekti (AFA) office. In November 2021, the project was awarded in the Czech competition Best of Realty, in the categories Environmental Project of the Year and New Administrative Centers.
The real estate fund's strategy includes investments in real estate that minimizes environmental impact. The fund was established in February 2007 and is the largest and at the same time the oldest Czech real estate fund. At the end of the year, over 103,000 shareholders had invested in the fund.