Doughty Hanson acquired the site in January 2001 in co-operationwith private investors and proceeded to develop 290,000 sf ofoffice space. Tenants include Accenture, Allianz, BMW and Siemens.In addition, full permitting has been granted for an additional76,000 sf of office space.
Next door, Doughty Hanson and two private investors continue toown a plot of land for which they are renewing planning permissionto develop Metronom, which will include an additional 323,000 sf ofoffice space and 215,000 sf of residential.
Doughty Hansen says the total return to investors for the saleof Office Park Nové Butovice will be 5.4 times their equityinvestment. The sale returned US$47.5 million to investors and arefinance in 2005 returned US$1.7 million.
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