Poland Trigea buys Arkády Pankrác

The Arkády Pankrác shopping centre is a three-storey building with more than 38,000 sqm of retail space, located next to a metro station. The centre was owned by G City, which acquired 100 pct of the complex in 2023. G City reports that the transaction value reached EUR 259 mln gross (excluding tax, transaction costs and customary adjustments). The property is subject to a mortgage of app. EUR 112 mln, which was transferred to the buyer.

As Trigea representatives point out, large shopping centres such as Westfield Chodov, Arkády Pankrác or Nový Smíchov rarely hit the market and are almost exclusively owned by foreign capital. Since 2000, there have been only three transactions involving premium shopping centres in the Czech Republic (Palladium, OC Letňany and Olympia Brno).

The acquisition of Arkády Pankrác is proof that domestic capital is playing and will continue to play an increasingly important role in the future. I see this purchase as great news for the entire market and believe that other similar transactions financed by domestic capital will follow in the near future.
Tomáš Trčka, general manager, Trigea

Last year, two large properties in Poland were added to the Trigea fund's portfolio, including a plot in Gliwice, where GLP will build two halls with a total leasable area of app. 60,000 sqm. Trigea currently manages capital worth CZK 8 bln. The fund belongs to the Partners financial group.