Local investment fund Trigea has acquired the Louvre office building in Prague 5. The property has around 4,600 sqm of leasable space with tenants including Swiss rail carriage manufacturer Stadler, Lukoil Accounting and Finance Europe and health insurance company VZP.
“I am very pleased that we have acquired the Louvre office building as the first property in our portfolio, because it fits our investment strategy in every respect. By the end of the year, we would like to buy another property as well,” says Tomáš Trčka, the Managing Director of Trigea.
The fund was established in April this year and will focus mainly on investing in office buildings and retail centres. It is managed by Partners and with a minimum investment of CZK 500 (app. PLN 83) it is open to all investors including private individuals and has an expected yield of 4-6 percent annually over the long term. Within three years, the fund plans to raise CZK 5 billion.
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