Insurance companies are increasingly investing on the Czech real estate market. Ceska pojistovna purchased Hotel Prague Inn at Mustek in Prague 1 through its fund, bringing the total value of its property portfolio to CZK 8 bn.

VIG added Kotva palace next to the Kotva department store at the corner of nam. Republiky in Prague 1 to its Burzovni palac purchase, and ALLIANZ Real Estate is among the potential buyers of the Florentinum office complex on Na Florenci street, also in Prague 1, according to the server e15.

Earlier this year ALLIANZ created a JV with the warehouse developer VGP in a transaction worth EUR 500 m.
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CZECH insurance companies increasingly focusing on property