AFI Europe has expanded its office portfolio with another property. The Classic 7 Business Park, AFI Karlín, AFI Vokovice and the AFI City 1 building also include the Avenir Business Park in Prague 5 – Nové Butovice. The company bought it from the EPISO 4 fund from the British company Tristan Capital Partners for EUR 66.5 million. The premium office complex with a total leasable area of more than 25,600 sqm is almost 100% occupied. Long-term tenants include companies such as ČSOB (belongs to the KBC Group), ING, Porsche, McDonald’s, Conduent, Dermacol, Simac Technik and Coloplast.
“Avenir Business Park offers premium office space with a flexible layout in a strategic location, enabling fast transport connections to both the city center and the international airport. In combination with the rich civic amenities in the vicinity, it enjoys the long-term interest of major international tenants. Given all these facts, it fits perfectly into our current portfolio, which further develops and moves in a new direction – from building and managing our own development projects to building a strong real estate portfolio generating long-term profits, ” comments Doron Klein, AFI Europe’s CEO for the Czech Republic.
Avenir Business Park is a holder of the BREEAM In-Use green certification in the Very Good level. It is located next to the Galerie Butovice shopping center and offers Class A office space with a flexible layout from 200 to 3,500 square meters. Part of the complex is a courtyard full of greenery with a restaurant and cafe. The Avenir is easily accessible by public transport, but there are also plenty of parking spaces in the underground car park.
