Czech real estate firm Immorent CR has sold its office project, Avenir Building E, in Prague to a fund managed by Austria's Hypo Real Invest for EUR 15 mln. This is Hypo Real Invest's third investment in in the Czech Republic so this year.

The 6,800-m2 property is being contributed to HRI Immobilienfonds Nr.1.

Jones Lang LaSalle Capital Markets acted as advisers to Immorent CR and CB Richard Ellis Capital Markets advised Hypo Real Invest on the acquisition.