City Tower 

Services provided:

technical due diligence

Development type:

office

Client: 

Reico (investiční společnost České spořitelny)

Location: 

Praha, Česká republika

Dates: 

2016

Investment: 

CZK 4.4 billion

City Tower is an office building on the doorstep of a C-line metro station in the Pankrác district, an exclusive location in Prague’s broader centre. The building has 27 storeys of mostly office space, with an exclusive top-floor restaurant and three underground levels accommodating 781 parking spaces. The property’s total rentable space is almost 50,000 sq m. 

 

The OM Consulting team conducted comprehensive technical due diligence of the property for the buyer. Prior to the completion of the acquisition, it proposed, supervised and took over the handling of all the defects that were identified. This task included the preparation of documentation for, and technical supervision of, extensive repairs to the building’s underground garages.