Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Trigea Fund Bought Explora Business Centre from Golden Star Group

03/06/2021

The Czech real estate fund Trigea bought the Explora Business Centre office building in Prague’s Nové Butovice from Golden Star Group, an international real estate group, in one of the largest real estate transactions performed this year.

Trigea, a Czech real estate fund established in 2019, is currently the fastest-growing Czech fund. It focuses on the purchase of first-class commercial properties in top locations, especially on office and retail projects in Prague as well as elsewhere. Explora Business Centre is its biggest acquisition so far.

The Trigea real estate fund belongs to the Partners financial group, whose part is Partners Financial Services – the biggest financial advisory firm on the Czech market.

Tomáš Trčka, CEO at Trigea: “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.”

Explora Business Centre is a modern A-class office project, offering its tenants the highest standard of services and spaces, large and flexible office floors and pleasant environment including a shared atrium. 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.

Gal Peleg, CEO at Golden Star Group: “We are pleased with the sale of Explora Business Centre to Trigea which fits with our group’s strategy to capitalize on values we have created in this A-class property. The transaction proves that the strong interest in quality office projects in Prague remains.”

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.

Michal Soták, Partner and Head of the Capital Markets team in the Czech Republic at Cushman & Wakefield: „The Explora Business Centre is a strategic asset, located in the very popular office area of Prague 5, right at the underground station, its tenants include top global corporations. This transaction corresponding with long-term trends proves the importance of the Czech capital for the local market. Czech funds experience continuous inflow of finance from all types of savers, and naturally aim at investing it primarily on the local market which is very stable. Demand for the purchase of commercial properties is now very strong in the Czech Republic, however, there is a shortage of office projects suitable for sale on the market.”

Real estate advisors Colliers International and law firm Schoultz & Partners represented Golden Star Group in this transaction.

Andy Thompson, Director of Capital Markets Czech Republic, Colliers International: “We are delighted to have worked on the successful sale of this best-in-class asset on behalf of Golden Star Group. The sale further demonstrates the depth and strength of local capital in the market for institutional quality assets.”


Media Contact

Michaela Sedlbauerov
Michaela Šedlbauerová

Head of Marketing Czech Republic • Prague

Related News

Robert Skládal
Robert Skládal joins the Cushman & Wakefield Retail team

Robert Skládal joins the Cushman & Wakefield Retail Agency team as a Partner. The experienced retail market professional will lead the Shopping Centres team.

05/10/2022

euromoney award
Cushman & Wakefield Named by Euromoney the Best CRE Advisers and Consultants in CEE and Worldwide

Euromoney’s 2022 Real Estate Survey has named Cushman & Wakefield, a leading global real estate services firm, the No. 1 commercial real estate Advisers and Consultants in the CEE & Baltics region. The firm won also worldwide, for a fifth consecutive year.

04/10/2022

hotel lobby, man, suitcase
Hotels in Prague see fivefold year-on-year increase in revenues in June

This June, RevPAR (revenue per available room) at Prague hotels was five times higher than last year, climbing to EUR 73.5. This is the highest increase in Europe and just 19% lower than in the pre-crisis year of 2019.

10/08/2022

Petr Dolejs, Petr Markvart
Petr Dolejš and Petr Markvart Appointed Partners at Cushman & Wakefield

Cushman & Wakefield, the leading global real estate services firm, promotes Petr Dolejš from the Asset Services team and Petr Markvart from the Office team to Partners.

03/08/2022

Related Insights

Research, graph, table, data
MarketBeat • Insights

CEE MarketBeats

Cushman & Wakefield MarketBeat reports analyse quarterly commercial real estate activity in the CEE region (Czech Republic, Hungary, Poland, Romania, and Slovakia) across office, retail, industrial and hospitality real estate sectors including supply, demand and pricing trends at the market and submarket levels.
Marie Baláčová • 09/09/2022
Prague, Czech Republic
Research • Economy

Czech Real Estate Market View

A regular update on the commercial real estate market in Czech Republic.
Marie Baláčová • 23/08/2022
Czech Republic, Prague, Old Town Square, High Street
MarketBeat • Insights

Czech Republic MarketBeat

Cushman & Wakefield MarketBeat reports analyse quarterly Czech Republic commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.
Marie Baláčová • 03/08/2022
Women Hotel City
Insights • Hospitality

The Hotel Investment Scene in CEE

Welcome to our third edition of the joint Cushman & Wakefield–CMS report on the Hotel Investment scene in CEE: Overcoming the Pandemic & Bridging the Financial Gap.
Bořivoj Vokřínek • 01/07/2021

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
Save settings