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Tristan completes €71m sale of Avenir business park in Prague
Transactions - APRIL 13, 2021

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Tristan completes €71m sale of Avenir business park in Prague

by Released

EPISO 4, an opportunistic real estate fund advised by Tristan Capital Partners, has sold its Avenir Business Park in Prague to AFI Europe for €71 million ($84.7 million).

The 25,600-square-meter (275,556-square-foot) asset was acquired in June 2017 with a BREEAM In Use Very Good rating. It has since benefited from a €4 million ($4.8 million) investment to both common and tenant areas, as well as multiple asset management initiatives.

The business park, which is strategically located in Prague 5 between the city center and Vaclav Havel International Airport, has seen strong interest from international tenants in recent years, including Porsche, Porsche Engineering, McDonald’s, Conduent, ČSOB (KBC Group), ING Bank, Dermacol and Coloplast.

The asset is managed by local operating partner and co-investor Mint Investments.

Fabian Meinsen, executive director at Tristan Capital Partners, said, “This business park had great potential when we acquired it t

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