CA Immo has successfully sold office building Kavci Hory Office Park in Prague
CA Immo has successfully closed the sale of the office property Kavci Hory in the Prague 4 submarket of Pankrac. The building comprises approx. 42,300 sqm of gross lettable area and 700 parking spaces, with annualized gross rental income of around €7.7m, occupancy of 96% and a WAULT of nearly 4 years. The property has been sold to the Conseq group.
Keegan Viscius, CEO of CA Immo: “Upon achieving nearly full occupancy, our business plan for Kavci Hory is completed. With this sale, we take advantage of market liquidity to free up capital for alternative allocation options, and monetise future profits where only limited further value creation exists under our business model.”
The sale is in line with CA Immo’s long-term investment strategy, pursuing a clear focus on large, high-quality Class A office properties in prime inner-city locations. As part of this strategy, CA Immo is selling properties that do not correspond to the core business in terms of asset class, location, building quality, age, or value creation potential, continuously optimising the quality and sustainability of the property portfolio. The proceeds from sale may be used in a number of ways, including general corporate purposes, accretive investment in our prime portfolio, repayment of debt, buyback of shares, and external investment should attractive opportunities arise.
CBRE acted as commercial advisor, Dentons as legal advisor to CA Immo in this sale process.
As of 30 September 2025, CA Immo’s Prague portfolio consisted of six office buildings with a total lettable area of around 110,000 sqm and a book value of around €400m. All buildings have a LEED Platinum, LEED Gold or DGNB Platinum sustainability certificate.
