Last year, PPF Real Estate Holding owned by the richest Czech businessman Petr Kellner, has started the construction of several major projects, including office complex in Moscow Comcity in total area of ??420,000 meters square. Company will invest one billion euros in this project. Now PPF Group enters the Dutch real estate market. The real estate division of the group - PPF Real Estate - agreed with the group (16,73 EUR, 0,03%) Real Estate to buy six office buildings and shopping centers for € 140 million.
Offices are located in Amsterdam, The Hague, Rijswijk and Rotterdam. The largest office complex - with an area of ??27,600 meters square - is located in Arnhem.
PPF confirmed the signing of the contract. "I can confirm that we made a deal," said a spokesman for the HN group Radek Stavěl.
Business center with an area of ??13,900 square meters is for a change situated less than fifty miles from the capital city in Dronten.
All buildings together offer one hundred thousand meters leasable area and an annual gross income of around twelve percent of the entire investment. The vacancy rate is 22 percent.