EPISO 4, an opportunistic fund advised by Tristan Capital Partners, has acquired a 25,300 m2 office park in western Prague.
The fund purchased Avenir Business Park from debt restructuring firm Lone Star. The financial details were not disclosed.
'This off-market deal was secured by our local operating partner and coinvestor the Mint Group, at an opportune time in the cycle,' said Tristan's Karol Bartos.
'Demand for office space in Prague is around the highest level for ten years and the Avenir Business Park sits in the Prague 5 district, which was the second-largest office sub-market in the city in terms of take-up of space last year.'
Bartos is executive director portfolio and asset management at pan-European real estate manager Tristan.
Avenir Business Park is a multi-let office complex, with flexible spaces ranging from 300 m2 to 3,500 m2.
