Port7 is located on the banks of the Vltava River in Prague's Holešovice district on top of a transportation hub. The complex comprises three office buildings totalling approx. 36,000 sqm of leasable space and a land plot for future development. The fully leased office and retail premises host tenants from a broad range of sectors, including IT, media and publishing, flexible workspace, insurance, advisory services and engineering. Tenants include companies such as Shoptet, Aeven, Sweco, Economia, Scott.Weber and COTY, among others.
“The acquisition of Port7 represents another important milestone for AFI, reaffirming our focus on high‑quality, well‑located mixed‑use projects. Port7 will be a valuable addition to our portfolio upon closing. We are proud to have reached our first agreement with Skanska, who have delivered an exceptional project,” comments Doron Klein, Deputy CEO of AFI Group.
“We remain confident in the office sector. The Czech office market is strong, robust and stable. Occupancy levels are high across the market and within our own portfolio. Our buildings are busy throughout the week, and we are seeing almost full occupancy overall, which is a very positive signal. That is why we value the acquisition of Port7 so highly. The recently completed premium office complex has a clear focus on sustainability and offers a vibrant programme of activities for tenants and nearby residents that supports the local community. This is fully aligned with our vision and our existing portfolio,” comments Karin Shalev Shogol, CEO of AFI Czech Republic.
“This transaction confirms that international capital remains actively interested in top-tier commercial assets in Prague. Port7 is a prime example of a project that combines technical quality, human-centered design and positive impact on the wider local community. With LEED, WELL, and Access4You certifications, and a thoughtful integration of ESG principles, the project appeals not only to its users, but also to long-term, forward-looking investors.” says Tomáš Fabian, Executive Vice President Operations (CZ) & Legal Counsel (CEE) at Skanska Commercial Development Europe.
“This transaction marks the first transaction between AFI Group and Skanska in Central and Eastern Europe. The entire process was transparent, smooth, and conducted in a genuinely fair business spirit. AFI is a highly suitable investor for Port7, with extensive experience in both asset management and the development of office and residential projects. This makes them well-positioned to continue the long-term vision for the entire complex.” says Kristýna Nettlová, Legal & Transaction Director at Skanska Commercial Development in the Czech Republic.
Port7 was built on the site of a former abandoned inaccessible factory and thanks to the opening of the area to the public, it has become a new destination on Prague’s map that offers a modern place for work, relaxation, and leisure. The tallest tower has eleven above-ground floors, and the buildings are connected by a shared underground parking with a capacity of 262 spaces. The project also includes a retail promenade and an extensive publicly accessible park.
In addition to top-quality offices, Port7 also offers a wide range of services and leisure activities. The ground floor of the buildings houses a café, restaurant, pharmacy, eye clinic, fitness center, and coworking spaces. The surrounding public space includes a park, community garden, playgrounds and sports facilities. The riverside offers a climbing wall and a barbecue area.
Port7 is also a cultural center - summer cinema, concerts, yoga classes, and public events regularly attract visitors from all over Prague.
The complex applies circular solutions, including the reuse of elements from a demolished Skanska building, and delivers over 40 percent water savings compared to the LEED baseline. The project achieves zero Scope 2 emissions for electricity by procuring guarantees of origin covering 100 percent of its electricity consumption from renewable sources during both construction and operation, as well as through the installation of on-site photovoltaic panels. Port7 complies with the Nearly Zero Energy Building (NZEB) standard and has received verification of compliance with the EU Taxonomy requirements for economic activity 7.1 (Construction and real estate activities) from a financial institution.
As part of the project, a circularity study was developed using a 50-year lifecycle approach, prioritizing self-sufficiency, longevity and adherence to circular economy principles. The complex has also received the Access4You certification, an international system that evaluates and verifies the accessibility of buildings and public spaces based on the needs of different user groups.
Advisors to AFI included Clifford Chance, KPMG, CBRE and Grinity. Advisors to Skanska were Savills, iO Partners and Dentons.