Quinlan Private has sold an office and retail centre in Prague to german investor Commerz Grundbesitz for E90m (£62.6m).

Commerz Grundbesitz, which owns property fund manager CGI, is buying the Charles Square centre for its public property fund hausInvest.

The property was acquired by Quinlan Private in 2003 for around €56m (£38.9m) and consists of a nine-storey building designed around a central atrium. It comprises 215,000 sq ft of rentable area including 161,000 sq ft of office accommodation and 53,800 sq ft of retail space.

Jones Lang LaSalle Capital Markets was retained as real estate advisors to Quinlan Private.