CZECH REPUBLIC Portiva buys Smíchoff for a billion

The 11,500 sqm building in the city’s Anděl district was completed in 2019. It comprises 10,090 sqm of office space, 1,000 sqm of gardens and outdoor terraces, 362 sqm of storage space and 91 parking spaces in two basements. Smichoff is almost fully-leased and is LEED ‘Gold’ certified.

Although the Smíchoff office building is a somewhat smaller project for us, quality wise it meets the high standard of other buildings we have created in Prague. We are glad, that this property, which became popular for reviving the junction on Plzeňská street with a tram inside its reception area, was purchased by a strategic investor.
Pavel Streblov, Penta Real Estate’s commercial development director

Portiva focuses on renewable energy, commercial real estate as well as digital and IT services in automotive and investment funds. The group operates in seven countries across Europe. The volume of its assets under the management amounts to CZK 9.8 bln with a turnover of over CZK 2.8 bln and an EBITDA of CZK 520 mln.