Newly rebranded TRIUVA Kapitalverwaltungsgesellschaft mbH, formerly IVG Institutional Funds, has successfully completed the disposal of City Point, an 8,000m2 Grade A office asset located in Pankrac, Prague 4, Czech Republic. Key long-term tenants in the asset include O2 and AXA.
The asset will be managed by Mint Investments who undertook the acquisition on behalf of their client, a large European institution. Financial details of the transaction remain confidential although the reported volume is estimated to be in the region of €16m.
TRIUVA were advised by JLL and Schonherr on commercial and legal components respectively.
Source: JLL
