Palac Flora, Prague, Czech Republic 2017-05-04T14:54:38+00:00

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Palac Flora

Palac Flora
Prague, Czech Republic
Positioned as a core-plus investment, Palac Flora afforded investors an opportunity to participate in a successful, well located and diversified prime shopping centre and office property in the affluent district of Vinorady, Prague 3. Benefitting from the quality and location of the property, the local management team were able to create significant value by enhancing the tenant mix (which included Exxon Mobil, Ahold and Danone), improving the income profile and driving the operational efficiency of the centre, which ultimately led to the asset being successfully sold to an institutional investor in 2010.