News Article AFI Europe Czech Republic investment office Prague Tristan Capital Partners
by Property Forum | Investment

AFI Europe has completed the €66.5 million acquisition of the Avenir Business Park in Prague 5 from Tristan Capital Partners. The office complex, offering more than 25,600 sqm of premium office space, is close to 100% occupancy. 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 centre 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 at the Very Good level. It is located next to the Galerie Butovice shopping centre 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.