Amsterdam-based Golden Star Group has bought Prague’s Explora Business Centre from Avestus Capital Partners.
Financial details were not disclosed.
The business centre comprises 22,800 m2 of leasable area spread over eight above-ground floors and three below-ground floors with 327 parking spaces.
‘Explora Business Centre joins our quality portfolio of yielding assets across Europe and CEE. We have intentions to further invest in Prague as we find the city suitable for our investments strategy and criteria’ commented Gal Peleg, CEO of Golden Star Group.
The LEED-certified, Class-A project was developed by Avestus Real Estate’s in-house development team. The sale of the building marks one of the largest transactions performed this year in Prague.
Real estate advisors Colliers International and law firm Schoultz & Partners represented Avestus Real Estate, while Golden Star Group was represented by Havel & Partners in this transaction.
Peter Donnelly, principal of Avestus Capital Partners, said: ‘We are pleased to have worked successfully with Golden Star on this transaction. Avestus Capital Partners remain actively developing in both the Czech Republic and Poland and continuing to provide high class office and residential product for our buyers and tenants.’