The EPISO 4 opportunistic fund, advised by Pan-European real estate manager Tristan Capital Partners, has acquired the Avenir Business Park office complex in Western Prague from debt restructuring firm Lone Star.
Karol Bartos, Executive Director Portfolio and Asset Management at Tristan, said: “This off-market deal was secured by our local operating partner and co-investor the Mint Group, at an opportune time in the cycle. Demand for office space in Prague is around the highest level for ten years and the Avenir Business Park sits in the Prague 5 district, which was the second largest office sub-market in the city in terms of take-up of space last year.”
