Invesco Real Estate has sold a mixed-use asset in the capital of the Czech Republic at a premium exceeding 30% over its original purchase price on behalf of a German separate account mandate. Invesco said Riverview, located in the Smíchov, Prague 5 submarket, was sold at the undisclosed premium figure following a dedicated asset management approach. Built in 2014, the 7,650-square-metre office-led property includes 890 square metres of retail space. As reported in 2014, Invesco acquired the Riverview building in the Prague 5 – Smíchov business district from Skanska Commercial Development Europe for €20m. During the holding period, Invesco enhanced the asset’s value through several initiatives, including a €3.5m capital investment programme and a 10-year lease extension. Invesco said Riverview has been sold on behalf of the separate account mandate, which has a core/coreplus pan-European strategy focused on generating stable income from a diversified portfolio of prime assets.
Source: IPE Real Assets on 30 June 2026
https://realassets.ipe.com/news/invesco-real-estate-sells-prague-office-led-mixed-use-asset-at-30-premium/10137502.article