Successful disposal of the landmark Myslbek building in the heart of Prague city centre.
Selling Prague's most recognisable mixed-use asset - and exceeding the price target by more than 10%
As both advisor and office tenant in the building, iO Partners brought an insider's understanding to the disposal of Myslbek - one of Prague's most prominent city-centre assets. That knowledge translated directly into a cleaner due diligence process, a stronger sales strategy, and a result that beat the client's own expectations.
26,000
sqm mixed-use asset
A Landmark Asset With Layers of Complexity
Myslbek is one of the most recognisable addresses in Prague — but prominence doesn't make a disposal straightforward. The asset came with a set of characteristics that required careful positioning: its age, a retail gallery with a meaningful share of the NOI, ESG compliance questions, and a WAULT profile that would give some investors pause.
iO Partners held a unique advantage: as one of the building's major office tenants, the team had first-hand knowledge of the asset that no external advisor could replicate. That knowledge became a strategic tool — used to anticipate due diligence risk, pre-empt investor concerns, and construct a sales strategy built on transparency and conviction.
Inside Knowledge, Applied at Every Stage
- Property underwriting and definition of the sales strategy - built on direct occupier knowledge of the asset
- Preparation of marketing materials that addressed complexity head-on rather than around it
- Coordination of structured viewings with a carefully selected investor pool
- Investor meetings and selection - targeting both local and international capital
- Data room management and full coordination of the due diligence process
- Red flag resolution and SPA negotiation through to closing
The First Core Prague Deal Since Rates Rose - and a Price Above Target
- The Myslbek transaction was the first core deal completed in Prague since interest rates increased in 2022 — a market milestone in its own right
- A double-digit number of inspections completed, confirming strong and broad investor interest
- A competitive multi-round bidding process — driven by both local and international investors
- Final sale price exceeded the client's target by more than 10%
"A structured and expertly managed process doesn’t just meet expectations—it redefines them."
Petr Strycek • Head of Capital Markets
The Story Continues at Myslbek
In coordination with the new buyer, the iO Partners Office Leasing team, led by Milan Kilík, remains the leasing agent for the Myslbek project. Contact us to find out more about leasing opportunities or our transaction advisory services.
Head of Capital Markets
Head of Office Agency
