Komerční banka announces the sale of the subsidiary NP 33, s.r.o

NP 33 is the sole owner of the current headquarter building of Komerční banka at Na Příkopě 33 street in Prague.

NP 33 has been acquired by Commerz Real Investmentgesellschaft mbH, with registered seat at Friedrichstraße 25, Wiesbaden, Germany, member of Commerzbank Group (Commerz Real), into its hausInvest open-ended real estate fund.

Commerz Real intends to carefully renovate the landmark building in the centre of Prague, in cooperation with an experienced property developer, S+B Gruppe AG.

KB will maintain presence of its branch in the building on a long-term basis even after its renovation, including operation of safe boxes and ATMs. The registered office of Komerční banka will remain unchanged at Na Příkopě 33/969, Prague.

KOMERČNÍ BANKA is one of the best run universal banks in Central Europe. It provides comprehensive services to clients in the areas of retail, corporate and investment banking. The Komerční banka Group’s 8,458 employees serve 2.4 million clients, who can use an extensive network of 391 business points throughout the country as well as 768 ATMs. KB is a part of the Société Générale Group.

Commerz Real is a fully-owned subsidiary of Commerzbank AG with more than 40 years of market experience and approximately 32 billion euros in assets under management. The company combines comprehensive know-how in asset management and a broad-based structuring expertise to deliver its signature range of services of fund products focused on tangibles and bespoke financing solutions. The fund spectrum includes the open-ended real estate fund hausInvest, institutional investment products as well as entrepreneurial participations in real estate, aircraft, regenerative energy and ships. In its role as leasing company of Commerzbank Group, Commerz Real offers tailored equipment leasing concepts along with bespoke financing arrangements for assets such as real estate, big-ticket equipment and infrastructure projects. www.commerzreal.com