AFI Europe has signed an agreement to purchase the Avenir Business Park office center in Prague 5, owned by a fund of the British company Tristan Capital Partners. A distinguished office complex with a gross leasable area of more than 25,600 square meters2 Almost 100% busy. Notable tenants include companies such as ČSOB, ING, Porsche, McDonald’s, Dermacol or Coloplast. The value of the deal, including some settlements, is € 66.5 million. The transaction will be completed once the seller fulfills the conditions previously agreed in the transaction contract.
“Our company has made a strategic decision that will allow it to generate long-term income not only through its own development projects, but also through the acquisition of existing properties. Avenir Business Park enjoys long-term interest from Parties Major international tenants, who appreciate the high quality of the project and its location in an area with excellent civil facilities. I would like to take this opportunity to thank the professionals who have supported us in this transaction: Dentons, OMC Consulting for technical advice, and KPMG for tax and financial services. “ He says Doron Klein, AFI Europe Director for the Czech Republic.
Katrina Braidoni, Head of Investment at CBRE, the real estate consultancy, adds: “This transaction confirms that the office market is well positioned and remains active despite the current pandemic. We recognize the strong investor interest in asset quality. We are pleased to be able to represent the seller on this transaction and we congratulate AFI Europe on expanding its office property portfolio.”
Avenir Business Park is BREEAM green certified. It provides a premium office space with a flexible design from 200 to 3500 square meters. The complex is strategically located midway between the city center and Vaclav Havel International Airport with excellent transport links by both cars and public transport.