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Colliers advises WOOD & Company with the acquisition of a landmark A-class Office building in Prague 5, Anděl

GreenPoint Hero

WOOD & Company Office Sub-Fund, represented by Colliers, has announced the successful acquisition of Green Point, a 7,500 sqm landmark A-class office building from Ronaldsay B.V.

PRAGUE,AUGUST 4, 2022 – WOOD & Company Office Sub-Fund, one of Czech Republic’s leading real estate funds has successfully completed the acquisition of Green Point, a 7,500 sqm A-class, BREAM Excellent office building located in Prague 5, Anděl. Colliers, Glatzova & Co., TPA and OM Consulting advised WOOD & Company on the transaction. Colliers, a leading diversified professional services and investment management firm, will manage leasing following the acquisition.

 

Green Point is a landmark property benefitting from high visibility, while providing a surprisingly quiet and calm working environment thanks to building design, technology and materials used. The Property is situated within a walking distance from Anděl metro and tram stops providing excellent public transport accessibility and, furthermore, offering amenities such as the Nový Smíchov shopping centre and various cafes and restaurants. Current tenants include MSC, a world leading container shipping company, Grip Digital, a full-range video game developer providing services to some of the world’s top gaming companies and Agriwell, an organic agricultural producer and seller. 

 

Colliers International has been the exclusive leasing agent for the building since April 2020 and has successfully completed most of the fitout works in the building through their Design and Build team. Colliers is currently continuing with the leasing activities under the new owner.

 

WOOD & Company is a leading investment bank in the Central European market. Founded in 1991, the group has offices in seven European cities: Prague, Bratislava, Warsaw, Milan, Bucharest, Dublin and London. The company focuses on providing services in the areas of corporate finance and capital markets, securities trading and asset management.

 

WOOD & Company Office Sub-Fund is one of the leading local funds of qualified investors focusing on commercial office properties in Czech Republic, Poland and Slovakia with more than 200,000 sqm of leasable area. 

 

Konstantin Cordery, Senior Associate at Colliers commented: “We are delighted to have advised WOOD & Company in identifying and successfully completing the acquisition of Green Point. This transaction demonstrates that in the face of limited office product availability in Prague, investors that are able to adapt their strategy to embrace alternative solutions will be able to further fulfil their investment criteria and achieve their investment goals.


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Konstantin Cordery

Senior Investment Analyst | Investment Services

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Konstantin started his real estate career in 2011 as an analyst for Pinnacle CEE having previously worked at KPMG Slovakia where he spent three years in Transaction Services and Audit.

He joined Colliers' Prague investment team as an associate in March 2012 to further expand his real estate knowledge and experience. During his time in the company he supported the team in several transactions by analysing properties,  preparing marketing materials, building cash flow models and coordinating due diligence.

Subsequently, Konstantin moved to a Prague-based Italian/Czech development company where he worked as an analyst and later as head of finance. His responsibilities included preparing financial analyses and investment overviews for projects in the hotel and residential sectors for potential equity partners and banks as well as managing internal accounting and advising and assisting the CEO in managing the company finances.

Konstantin re-joined Colliers in August 2017 as an Analyst for the Investment Department.

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Tomas Szilagyi

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Tomas started his real estate career after graduating from VSE Prague. He joined IMPACT-CORTI as a property acquisition manager focusing on business development. His main role was to seek out new business opportunities, underwrite potential real estate deals and support the whole acquisition process up to successful closing.

Later, as a member of the CBRE Sales & Acquisition team, Tomas further expanded his real estate knowledge and experience. Building on his previous work experience his focus then shifted from buy side to vendor sale mandates. Tomas was therefore responsible for the transaction management of sale deals including the underwriting, market analysis, marketing, contract negotiations and due diligence coordination.

Tomas decided to further broaden his professional experience and joined Colliers International in September 2016.

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Mark Richardson

Director, Head of Industrial and Investment Services

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Mark has over 22 years’ experience in the real estate industry and in the capacity of senior partner and head of investment services, is responsible for supervision, management and business growth of the Capital markets and Industrial Agency teams in the Czech Republic. His range of responsibilities includes strategic real estate advisory, origination, structuring and execution of property sale and acquisition transactions, overseeing commercial due diligence and underwriting, participation in commercial negotiations of lease and sale & purchase contracts and transaction management.

Mark was previously head of acquisitions at Prime Kapital, an integrated real estate developer, investor and operator in CEE backed by MAS Real Estate, a South African REIT. Prior to joining Prime Kapital, he was he was a Director at Pradera, a specialist retail Investment Manager where he established the Company’s offices and retail asset management platforms in both Poland and the Czech Republic. During his time at Pradera, Mark led the acquisition and due diligence process together with the asset management of 9 shopping centres totalling 148,000 sqm across CEE for and on behalf of the Pradera Central & Eastern Fund (PCEF). Before joining Pradera, Mark was Head of Capital Markets for Cushman and Wakefield in Prague, the Czech Republic where he led the acquisition and sale of over €2 billion of assets.

 

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