Name of the deal
ACQUISITION OF ARKADY PANKRAC
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Information about the transaction
The largest investment transaction ever completed by Czech Fund in the CR.
GLA: 40,000 m2 Location: the largest residential and office district in Prague (Prague 4) No of Shops: 150 Anchor tenants: Albert, Datart, H&M, Anson's, Magenta, HalfPrice, CCC, New Yorker Opening: 2008 Part of Richard Meier Architects urban design of Pankrac Area, completed and managed by ECE until Jan 2024 |
The date of closing the deal
31.1.2024
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Value of the transaction (in EUR)
259000000
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Yield
Confidential
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Seller, plus brief information about the company
G CITY
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Consultancy which advised Seller
Cushman and Wakefield
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Purchaser, plus brief information about the company
TRIGEA is one of the fastest growing Czech domiciled real estate funds with over 650 mil EUR property value. The Fund was established in 2019 and since inception delivers stable performance over 6.5%+ p.a. In the last 24 m TRIGEA completed, 4 acquisitions on the Polish market in addition to Arkady.
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Consultancy which advised Purchaser
CBRE
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Financing institution
UniCredit and Ceska Sporitelna
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Current occupancy level
97
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Please say why this deal should be considered for the award
The largest investment transaction ever completed by Czech Fund in the CR, demonstrating the strengh of the local capital and its growing tradectory
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