Gemini, the most successful project in SI's history, wascompleted last year, and is a modern property with 40,000 squaremeters of leasable space situated in one of the best establishedlocations close to the centre of Prague. "The Gemini Project hasbeen a success story--from its very beginnings right up to today'ssale," said Board Member Holger Schmidtmayr. "Despite thechallenging business environment, we were successful in completingthis development project on schedule, and in attracting top tenantsto it. This transaction is far and away the largest deal in Praguethis year, and the most successful development project to date inSparkassen Immobilien's 22-year history."

Gemini is currently let to 29 Czech and internationalcompanies--the three largest of which are Hill's Pet, Unipetrol andNovartis. It has been bought for Deka-Immobilien Europa, Germany'slargest open-end property fund with a portfolio valued at more than€10 billion.

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