Colliers advised the Golden Star Group, an international real estate group in one of the largest real estate transactions performed this year – the sale of the Explora Business Centre office building in Prague’s Nove Butovice.
Colliers Czech Republic, leading global commercial real estate services and investment management firm, consulted the vendor, Golden Star Group on the sale of Explora Business Centre to Trigea real estate fund, established in 2019 and currently the fastest-growing Czech fund focusing on the purchase of first-class commercial properties in prime locations, especially on office and retail projects in Prague and elsewhere. Explora Business Centre has been Trigea’s biggest acquisition so far.
Andy Thompson, Head of the Investment department of Colliers Czech and Slovak Republics, said: „We are delighted to have worked on the successful sale of this best-in-class asset on behalf of Golden Star Group. The sale further demonstrates the depth and strength of local capital in the market for institutional quality assets.”
Explora Business Centre is a modern A-class office project, offering its tenants the highest standard of services and spaces, large and flexible office floors and pleasant environment including a shared atrium. The building is located in a developed office area, right at the Nové Butovice underground station, with plenty of amenities in the immediate vicinity. The project was awarded the LEED Gold sustainability certificate.
Alongside Colliers, the Golden Star Group was represented by the law firm Schoultz & Partners in this transaction.
Gal Peleg, CEO at Golden Star Group: “We are pleased with the sale of Explora Business Center to Trigea which fits with our group’s strategy to capitalize on values we have created in this A class property. The transaction proves that the strong interest in quality office projects in Prague remains.”
Tomáš Trčka, CEO at Trigea: „Through the Explora Business Centre acquisition we execute our strategy to build a diversified portfolio of quality properties in the best locations while achieving above-standard yields for our investors.”
Trigea real estate fund belongs to the Partners financial group, whose part is Partners Financial Services – the biggest financial advisory firm on the Czech market.