Trigea Real Estate Fund has acquired Louvre office building in Prague 5 for an undisclosed amount. Built in 2008, the asset offers c.4,600m² of modern rentable areas and is let Swiss rail vehicle manufacturer Stadler, Lukoil Accounting and Finance Europe and the VZP Health Insurance Company. The property benefits from easy access by private and public transport and timeless design. Trigea Real Estate Fund was established on 1 April of this year and is mainly focused on office buildings and retail centres.
“I am very pleased that we have acquired the Louvre office building as the first real estate in our portfolio because it corresponds with our investment strategy in every respect. By the end of the year, we would like to add another piece of real estate to the Louvre,” said Tomas Trcka, Managing Director of Trigea Real Estate Fund.
“Just as the last year, we expect Czech capital to play a key role in acquisitions of commercial real estate this year. Trigea Real Estate Fund represents another investment player on the Czech market. The number of similar Czech investors was increased in recent years, but the offer of investment real estate is limited, so to “catch” a property like the Louvre is more and more demanding for investors,” said Vítezslav Dolezal, Associate Director Investment Department at CBRE.
