ZEITGEIST purchased Palac Dunaj for a German Pension fund. The building is located in an excellent location in the very centre of Prague. It was finished in 1930 as the headquarters of the Austrian insurance company Donauversicherung in Prague. Palace Dunaj is one of the best and most progressive works of German born Architect Adolf Foehr. This is a corner five-storey building with a functional original „Paternoster” lift. Tenants include among others the Czech Bar Association. ZEITGEIST carefully improves the property and asset management, plans to upgrade the building and to implement a new leasing strategy. The goal is to increase capital value and cash flow with a long-term hold strategy.
Address: Národní 138/10, Prague 1, Czech Republic
Plot Size: 1 841 sqm
Leasable Area: 8 761 sqm