Global law firm White & Case LLP has advised Trigea on its acquisition of Arkády Pankrác, a prime shopping center situated in Prague, from real estate company G City.
"This landmark acquisition, one of the largest single-asset transactions ever executed by a Czech retail real estate fund, is a great testament to Trigea's reputation, professionalism and capability," said White & Case partner Václav Kubr, who co-led the Firm's deal team.
Established in 2019, Trigea is currently the fastest-growing Czech retail real estate fund, focusing on acquiring first-class commercial properties in prime locations. Its portfolio comprises prime office, retail and logistics real estate in the CEE region. Arkády Pankrác opened in 2008 and is one of the principal shopping centers in Prague, comprising more than 38,000 square meters of retail gross leasable area.
White & Case local partner Karel Petržela, who co-led the Firm's deal team, said: "We have a long-standing relationship with Trigea and this latest transaction builds on previous major acquisitions by the Trigea fund that we have advised on, including the Explora Business Centre in Prague and Rokycanská Shopping Centre in Pilsen. This recent transaction demonstrates our ability and experience advising clients on their complex and strategic projects."
The White & Case team in Prague was led by partner Vaclav Kubr and local partner Karel Petržela and included counsel Magda Olyšarová and associates Barbora Vaculová, Kamila Daňková, Lucie Zanášková and Gabriela Blahoudková.
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