Czech real estate fund Aurelia has expanded its office portfolio by acquiring two premium office buildings in Prague’s Pankrác district. The deal highlights continued investor demand for highly sustainable, fully occupied assets with long-term operational stability.
Aurelia has acquired the Trimaran and City Element office buildings in Prague from their previous owner, further expanding its presence in one of the Czech capital’s most established business districts. While the purchase price remains undisclosed, the transaction is reported to be worth several billion Czech crowns.
Together, the buildings provide more than 28,000 sq m of lettable office space and are fully occupied. Long-term lease agreements provide a weighted average unexpired lease term (WAULT) of almost five years, supporting predictable occupancy and income.
Sustainability Remains a Key Investment Driver
The acquisition reinforces the growing value placed on operational efficiency and environmental performance. Both buildings achieve PENB Category A energy ratings and hold LEED Platinum certification, reflecting low operating costs and high sustainability standards.
Completed in 2018 and 2019, respectively, the buildings are home to tenants including the conference venue Cubex, the outdoor advertising company Czech Outdoor, and the flexible workspace operator Scott.Weber Workspace.
According AXELOR Group, Aurelia selected the properties for their combination of energy efficiency, stable tenant base and strategic location. The Pankrác district is expected to become even more attractive following the planned completion of Prague’s Metro Line D, which will create a major interchange with the existing network.
Long-Term Confidence in Prime Commercial Real Estate
The acquisition has been financed through a combination of investor capital and syndicated financing from ČSOB and UniCredit. Aurelia says investor demand continues to grow, with more than 4,700 investors now participating in the fund.
The company also confirmed that it is preparing further acquisitions across the Czech Republic, Germany and Spain, targeting dominant shopping centres and retail parks alongside premium office assets.
The transaction reflects several market trends relevant to building operators. Investors continue to prioritise assets with proven ESG performance, reliable long-term occupiers and resilient operational characteristics. As competition increasingly focuses on the quality of existing buildings rather than new supply alone, maintaining energy efficiency, certification standards and tenant satisfaction is becoming an even stronger differentiator for commercial property owners.