AFI completes acquisition of prestigious Port7 in Prague's Holešovice from Skanska
AFI announces the completion of its acquisition of the Port7 office complex in Prague's Holešovice district from Skanska. The €130 million transaction was completed without bank financing. Port7 is regarded as one of the most prestigious office developments in the Czech Republic. The project comprises three office buildings with a total leasable area of approximately 36,000 sqm, together with an adjacent development plot that AFI plans to utilize for future construction.
A symbolic handover of the helm at the Midsummer event
Port7 expands AFI's Czech portfolio with a premium office complex distinguished by outstanding ESG credentials and a strong community identity. The symbolic handover of the helm took place during a Summer Solstice celebration held on June 18 at Port7, attended by tenants of the complex.
"Port7 is much more than an investment in a premium property for us. What excites us most about this acquisition is the unique combination of a top-tier Class A office complex and an adjacent development plot, providing both exceptional value today and significant future growth opportunities. It is an iconic asset that combines high ESG standards, quality architecture, and a meaningful contribution to urban regeneration, making it a perfect fit for our portfolio and long-term investment strategy. Port7 is an investment we are truly proud of. We would like to thank Skanska for its trust and for entrusting this remarkable project to us," says Karin Shalev Shogol, CEO of AFI in the Czech Republic
“Port7 is an exceptional project for us not only because of its scale, but above all because of the way it has transformed a previously inaccessible area into a vibrant destination for work, social interaction, and leisure. By handing it over to AFI, we are bringing to a close a journey that began in this part of Holešovice in 2017 and completing our largest commercial development project in the Czech Republic to date. From the very beginning, we believed this part of the city had the potential to naturally connect office space, public realm, greenery, and community life. Today, Port7 is a thriving hub of Prague’s Holešovice district, and we are pleased to entrust it to AFI, a company with extensive experience in managing and developing commercial real estate both in the Czech Republic and across the region. We highly value AFI’s trust and are confident that Port7 will be in excellent hands,” said Tomáš Fabian, Executive Vice President for Operations and Legal Affairs at Skanska Commercial Development Europe.
Port7 opened up a previously neglected area
This modern, sustainable Class A complex with excellent transport connectivity was developed on a former brownfield site in Prague’s Holešovice district, transforming a previously inaccessible industrial area into a vibrant public destination.
All office and retail spaces are fully leased and occupied by tenants from a wide range of industries. Port7 is home to a café, restaurant, pharmacy, eye clinic, fitness centre, and coworking facilities. Outdoor amenities include a community garden and workout area, while the riverside features a climbing wall, children's playground, sports facilities, and a barbecue area. The buildings are interconnected by a shared underground parking garage.
In terms of sustainability, Port7 ranks among the best-certified office buildings in the Czech Republic. It has achieved the highest levels of the internationally recognized LEED v4 Platinum and WELL Core v2 Platinum certifications, which assess energy efficiency, indoor environmental quality, and the overall impact on occupants’ health and well-being.
Port7 is also the first project in the Czech Republic to receive the Access4you certification, which independently evaluates and verifies the accessibility of buildings and public spaces for people with disabilities, seniors, parents with strollers, and other groups with specific accessibility needs.
The project is fully aligned with the EU Taxonomy, as verified by an independent financial institution. The complex generates renewable electricity through on-site photovoltaic panels and purchases renewable energy guarantees to ensure that 100% of its electricity consumption is covered by renewable energy sources.
Under the LEED methodology, Port7 achieves more than a 40% reduction in potable water consumption compared to the baseline defined for the Water Efficiency category. The project received the Building of the Year 2023 award and was nominated for the Czech Architecture Award 2024.
Community development remains a priorty
AFI will seamlessly continue the rich community program that has been one of Port7’s defining features since its inception. As the summer draws to a close, AFI is preparing its first tenant event, the Port7 Dragon Boat Cup, which will take place on September 2, 2026.
The dragon boat races on the Vltava River will provide tenants with a unique opportunity to strengthen teamwork, build new connections, and enjoy a one-of-a-kind riverside setting.
“We want Port7 to continue thriving and evolving. Our tenant community is extremely important to us, which is why we are already preparing events from September onward that combine sport, entertainment, and networking,” adds Karin Shalev Shogol.
Advisors:
AFI Group was advised by Clifford Chance, KPMG, CBRE, and Grinity.
Skanska was advised by Savills, iO Partners, and Dentons.