ASB Group provided Axelor with comprehensive financial and tax transaction advisory services in connection with the acquisition of the Trimaran and City Element office buildings, located in Prague's prime Pankrác business district. The properties have become part of the portfolio of the Aurelia retail real estate fund, which is managed within the Axelor Group. The transaction was valued in the billions of Czech crowns.
The office complex comprises more than 28,000 sqm of leasable space and is fully occupied by long-term tenants. With this acquisition, the Aurelia fund has nearly doubled the value of its portfolio. According to Fraser Watson, Head of Real Estate at Axelor, the fund plans to continue its growth through further real estate acquisitions both in the Czech Republic and internationally.
As part of the transaction, ASB Group acted on behalf of the buyer, providing financial and tax due diligence as well as expert advisory services throughout the acquisition process.
ASB Group is a Czech advisory firm providing financial and tax due diligence, together with comprehensive transaction advisory services, to local and international investors involved in commercial real estate acquisitions across the Central and Eastern European (CEE) region.
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