The leading Czech development and investment company PASSERINVEST GROUP has successfully completed the acquisition of the BETA building in Prague’s BB Centrum. PASSERINVEST GROUP acquired this modern office building with a leasable area of 19,000 m2 by repurchasing it from CBRE Property Fund Central and Eastern Europe, managed by CBRE GLOBAL INVESTORS. Clifford Chance has supported CBRE Global Investors with its legal services. Komerční banka, a.s. provided the financing of the acquisition. It is the second building that the company has repurchased back into its portfolio. In October 2014 PASSERINVEST GROUP purchased the ALPHA building from the investment company INVESCO Real Estate.