Pan-European real estate manager Triuva has purchased an office building in the Czech capital Prague from the property's developer Skanska for €50 mln.
The asset, dubbed Five, covers around 14,400 m2 and was completed in April 2017. It is already 100% leased.
Located near key office and retail destination Andel in Prague 5, the scheme has targeted LEED Platinum certification.
Triuva, IVG Immobilien's institutional real estate business, focuses on the office, retail and logistics sectors across Europe.
The real estate manager is expected to be sold or listed by IVG following an announcement earlier this month about its plans for spinning off the €10 bn-asset strong business.
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28-29 June 2017
CEE Summit 2017: Investing in New Europe – cities, sectors, development and capital markets
Sofitel Warsaw Victoria Hotel, Królewska 11, Warsaw, Poland
12:00 - 18:00
The CEE Summit, now in its 4th year, is a major event in the Central & Eastern European calendar, bringing together global investors and senior property figures with local CEE market leaders to exchange knowledge, ideas and inspiration. Covering key topics in the wider real estate sector, including the investment climate, the event serves as a platform to summarize H1 and look ahead to H2 2017 and beyond. Combining the local strength of Poland Today with the European and global reach of PropertyEU, under the patronage of The Royal Institute of Chartered Surveyors (RICS), attending the CEE Summit is an ideal way to stay on top of this region.
