City point 10.11.2015

City point

TRIUVA sells in Prague

 

Newly rebranded Triuva Kapitalverwaltungsgesellschaft mbH, formerly IVG Institutional Funds, has successfully completed the disposal of City Point, a ca. 8,000 sqm Grade A office asset located in Pankrac, Prague 4, Czech Republic. Key long-term tenants in the asset include O2 and AXA.

 

The asset will be managed by Mint Investments who undertook the acquisition on behalf of their client, a large European Institution. Financial details of the transaction remain confidential although the reported volume is estimated to be in the region of €16m.

 

Triuva were advised by JLL and Schonherr on commercial and legal components respectively.

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