TRIUVA Kapitalverwaltungsgesellschaft mbH (TRIUVA) has sold a portfolio of four office properties to the Czech investment company REDSIDE. Together, the properties have total rental space of 25,000 sqm and a total of 238 underground parking spaces. The properties, which were built between 2004 and 2008, are spread out over the renowned Prague office districts Andel, Pankrac and Butovice.
“With this sale, we successfully marketed the fourth portfolio within a short space of time and again proved that we can make proper use of market cycles in the interests of our investors,” said Manuel DeVigili, Head of Investment Management at TRIUVA and responsible for transaction business. “The Czech Republic and Prague in particular will remain very interesting markets to us for new acquisitions in the future.”
In addition to the micro-location and the high-quality office fittings, the portfolio is distinguished above all by its well-known tenants. 60 percent of the total rent volume comes from renowned Fortune 500 companies, including BNP Paribas, Pfizer, Google and Porsche. 100 percent of the office space is let to a total of 28 companies.
CBRE, Schoenherr, Rodl & Partner, TPA Horwath and Whitestar Real Estate advised TRIUVA on the transaction. Colliers, CMS Cameron, McKenna, ASB and Sentient worked for the seller.
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