Czech Investment group KAPRAIN has acquired a brownfield site of around 53,000 square meters in Prague from Howden ČKD Compressors.
The future use of the site will be decided in conjunction with the Prague 9 municipality and is expected to include a combination of civic and public amenities, as well as commercial and residential development.
The property is approximately 300 meters from Českomoravská metro station and is adjacent to the Harfa Business Center office complex, developed by KAPRAIN.
KAPRAIN was founded in 2013 by Karel Pražák and is one of the leading Czech investment companies with over CZK33 billion assets under management.
Howden ČKD Compressors exclusively appointed Colliers, a leading provider of diversified professional services in commercial real estate and investment management, to market the facility for sale.
Substantial buyer interest in brownfield site
Tomáš Szilágyi, Associate Director at Colliers says, “We are delighted to have advised Howden ČKD Compressors in identifying a buyer and successfully completing the sale of their Prague 9 site. Despite a challenging business environment, the Colliers sales process generated substantial buyer interest for this strategically located brownfield site and, in the end, delivered an excellent result. Given that KAPRAIN has an established presence in the local area, it made them an ideal purchaser. We look forward to learning about their plans for the site and how it changes the urban environment in this part of the city.”
Howden was founded in Scotland as a marine engineering company in 1854 and evolved into a global leader in manufacturing air and gas handling solutions. It purchased the ČKD Kompresory business along with its manufacturing facility in Prague 9 in 2013 and continued the production of its tailor-made compressors until 2019 when they relocated to their current facility in Nehvizdy.
The transaction was also supported by PRK Partners on the Vendor’s side and BBH on the Purchaser’s side.
