Avestus Capital Partners has sold Explora Business Centre in Prague to Golden Star Group, an international real estate group specializing in commercial and leisure real estate properties. Real estate advisors Colliers International and law firm Schoultz & Partners represented Avestus Real Estate while Golden Star Group was represented by Havel & Partners in this transaction.

Revetas, a specialist real estate investment manager focusing on the CEE region, together with funds managed by Goldman Sachs Asset Management, announced it has acquired TriGranit from TPG Real Estate, the real estate platform of global alternative asset firm TPG. Terms of the transaction were not disclosed.

Immofinanz has sold two plots of land managed by Adama, a developer part of theImmofinanz group, to Speedwell Real Estate Development. The buyer plans to expand its residential and office development portfolio in the northern part of Bucharest. The purchase price has not been disclosed.

In mid-June, international property developer HB Reavis announced the completion of a major real estate deal. The developer sold its office property Metronom Business Center located in Prague-Butovice to ČS nemovitostní fond, managed by Česká spořitelna’s REICO investiční společnost, for a sum of €89.2 million (CZK 2.3 billon). JLL advised HB Reavis on the sale.

Cromwell Property Group has sold the Čestlice Business Park in Prague-East for €17.5 million to an undisclosed buyer.

In recent weeks, JLL has participated in three large-scale investment transactions in the Czech Republic and Slovakia. These were strategic acquisitions of Wood & Company's real estate fund (the real estate arm of investment group Wood & Company), which recently acquired three premium office buildings.

JLL Spark, a division of JLL, announced the creation of JLL Spark Global Venture Fund, which plans to invest up to $100 million in companies focused on leveraging technology to improve everything from real estate development and management to leasing and investing, while enhancing the experience of those who occupy it. The fund will also help entrepreneurs and their companies by connecting them with JLL’s business lines and clients for insightful feedback and distribution of their products.

First Property Group buys acquired the principal operating companies owning the majority of properties situated in Kraków Business Park (KBP).

EPP has announced the acquisition of the King Cross Marcelin Shopping centre for €91.1 million. This marks the group’s first entry into Poznan, adding to the group’s portfolio of eighteen retail projects. The property is being purchased through its wholly-owned Polish subsidiary, EPP Development 7 SP.z.o.o from Poznań onkil S.A. which holds its legal title to the property. The initial yield of the acquisition is 7.30%.

Europa Capital, represented by Savills, has concluded the sale of Hadovka Office Park in Prague to Wood & Company, a leading investment bank in Emerging Europe.