Tristan Capital Partners has secured a €33m medium-term acquisition and capex facility for a fund it manages, which will be used to acquire and upgrade the Praha City Center in Prague. The 18,000 sqm building is centrally located, offering nearly 300 parking places and is HQ for a large number of international as well as Czech companies.
Charles Balch, head of Real Estate Finance International, UK & CEE at pbb Deutsche Pfandbriefbank, said: “Together with Poland, the Czech Republic, and Prague in particular, remains an important investment market within the CEE region. pbb Deutsche Pfandbriefbank is pleased to support Tristan Capital Partners in this acquisition.” Colliers and Cushman & Wakefield acted as advisors, while Wilson & Partners acted for the seller on legal matters.
