Czech real estate fund Trigea has bought the Explora Business Centre office building in Prague’s Nové Butovice from Golden Star Group.
Although the transaction price was not disclosed, the deal is said to be one of the largest real estate transactions so far this year in the Czech market.
Explora Business Centre is a modern office project, offering its tenants the highest standard of services and spaces, large and flexible office floors. The building is located in a developed office area, right at the Nové Butovice underground station, with plenty of amenities in the immediate vicinity. The project was awarded the LEED Gold sustainability certificate.
Tomáš Trcka, CEO at Trigea said: ‘Through the Explora Business Centre acquisition we execute our strategy to build a diversified portfolio of quality properties in the best locations while achieving above-standard yields for our investors.’
Cushman & Wakefield, White & Case, ASB and OM Consulting advised the buyer Trigea with the transaction. Cushman & Wakefield real estate services firm will also be responsible for the property management and leasing after the acquisition. Real estate advisors Colliers International and law firm Schoultz & Partners represented Golden Star Group in this transaction.
