PasserInvest is hoping to raise CZK 550 through a new bond issue which it plans to use in order to buy back buildings it developed and then sold in the BB Centrum complex in Prague 4. The bonds, worth a total of CZK 550m, will mature in 2017, and the company promises an interest rate of 5.25 percent. UniCredit Bank is overseeing the issuance.
PasserInvest started developing BB Centrum in 1996. Last year, the developer completed the CZK 250m Building G while the Delta building, which will offer 38,000 sqm of office space, is currently under construction.