The Czech real estate fund Trigea, which specializes in investments into commercial properties with attractive yields, has purchased two retail parks in Moravia from an international fund: Nákupní park Haná Olomouc and Retail Park Ostrava. Both properties are located in established retail zones with high tenant stability and long-term leases. CBRE, the world leader in commercial real estate services, has been managing both parks since 2013 and has extended most of their lease agreements in recent months. It thereby brought the parks’ occupancy to 100% and subsequently found buyers for the owners. This, the fifth transaction that CBRE has mediated this year, is another positive sign of a revival of the Czech real estate market, where there is an abundance of free capital but few suitable and high-quality investment products.
