Czech real estate fund Trigea has invested in Poland for the second time this year, this time acquiring an office building in Warsaw for almost EUR 45 million, about CZK 1 billion. It has acquired 17,000 sqm of fully leased space in the My Place II complex. The company, which belongs to the Partners financial group, announced today.
Earlier this year, Trigea Fund has already bought the MidPoint 71 building in Wroclaw, and it also worked with developer Echo Investment in the Polish capital. “Thanks to its unique ecological solution and creditworthy tenants, the building represents an excellent investment opportunity for investors with a guarantee of long-term stable income,” said Tomáš Trčka, director of Trigea’s real estate fund.
Trigea Real Estate Fund was established in 2019 and focuses on commercial real estate, mainly office and retail buildings. Last year, the fund achieved a 61 per cent growth in turnover to CZK 121 million, had a profit of CZK 30 million and managed a portfolio of CZK six billion for clients.
The fund operates in the Czech Republic, Slovakia and last year also focused on the Polish retail market. It plans to enter other regions of Central and Eastern Europe, it said.
The Partners financial group also includes the Partners investment company, pension company Rentea, insurance company Simplea and NextPage Media, which operates websites such as Peníze.cz and Finmag.cz or the magazine Heroine.
