Deka Immobilien, the property arm of German's Deka Bank, has acquired the Lighthouse office scheme in Prague from Lighthouse Holdings and Alliance Holdings & Development, a joint venture which includes investors GTC, RREEF and BSG, for a total of EUR 76.5 mln. The sellers were advised by Jones Lang LaSalle Capital Markets. The acquisition price reflects an initial yield of 5.65%. The Lighthouse Towers scheme comprises 28,000 m[sup]2[/sup] of high grade office space.
Premium subscriber content – please log in to read more or take a free trial.
