Mint Investments buys Na Příkopě 9/11

by   CIJ iDesk I
2019-10-17   09:53
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Mint Investments has acquired Na Příkopě 9/11 for one of its private clients in a deal whose seller was represented by CBRE. Mint is currently preparing to carry out a major technical overhaul of the building's technical infrastructure to bring the building up to date and to make it competitive in the future. “Building enjoys excellent location on Na Příkopě which has profiled over the years into one of Europe’s sought after retail destinations. The retail is currently leased to Deichmann and the top floors are dedicated to offices with an excellent view over Prague’s high street and the Old Town. This is an excellent investment with a long-term value preservation and further future upside,” said Katarína Brydone, Head of Retail at CBRE.

The building first served as a fashion salon, and from the 1950s served as the main address in Prague for exclusive imported foodstuffs. The property was awarded the “Interior of the Year” award in 1997 after an impressive reconstruction designed by Šafer Hájek Architekti. At present, the building comprises 3,000 sqm of prime retail and office space spread over ten floors, of which two are underground. A three-storey retail unit, which is home to a Deichmann flagship store, is complemented by modern office units with panoramic views of Prague Castle and the Old Town.
“Na Příkopě is one of the most prestigious and attractive shopping streets in Europe. The standard and technical infrastructure of the local buildings should reflect that. We are excited about the prospect for our planned major upgrade of technical infrastructure for the building will take it to the highest market level,” added Radim Bajgar, a partner at Mint Investments.