Two premium office buildings in Prague are heading to Czech hands. Real estate fund Aurelia announces multi-billion acquisition in Pankrác

• The top-tier Trimaran and City Element office buildings in Prague's Pankrác district have just become part of the portfolio of the Czech retail real estate fund Aurelia.

• In addition to its prestigious location, the office complex is characterized by the highest possible sustainability certificates, 100% occupancy by strong and stable tenants such as Czech Outdoor, Cubex and Scott.Weber Workspace, and an average time to expiration of lease contracts of almost 5 years.

• Through the acquisition, the fund virtually doubled the volume of assets under its management to almost five billion crowns.

• Aurelia is already preparing further acquisitions in the Czech Republic, Germany and Spain. In addition to administrative buildings, it will also focus on dominant shopping centres and retail parks.

Prague, 25 June 2026 – The Czech fund Aurelia is rising in the ranking of the largest domestic real estate funds intended for ordinary investors. Just nine months after its first acquisition, it announced another addition to the portfolio. This time, it acquired two low- energy administrative buildings, Trimaran and City Element, from the previous foreign owner in Prague's Pankrác administrative district. The exact price was not disclosed, but similar to their previous acquisition it was a deal worth billions of crowns. As well as their Karlín office complex, Aurelia now also holds premium real estate in another prestigious office location in Prague, the importance of which will increase even further with the completion of metro D.

Only nine months ago, the Aurelia real estate fund made its first acquisition, for more than CZK 2 billion. Now, thanks to another similarly large addition to the portfolio, it has jumped even higher in the ranking of retail real estate funds. "Trimaran and City Element have everything a high-end office property should have and stable tenants, and are also located in an administrative district whose already high prestige will go up further as it becomes a transfer hub between lines C and D after the completion of the next metro line," said Fraser Watson, Head of Real Estate at the Axelor Group, to which the fund belongs.

The complex of both buildings together offers over 28 thousand square meters of leasable area. The main tenants include the multifunctional conference and event centre, Cubex; the leader in the outdoor advertising market Czech Outdoor; and the leading Czech operator of coworking spaces, Scott.Weber Workspace. In addition to being financially strong and stable companies, they are also bound by long-term lease agreements. The average time to expiration in the buildings (WAULT) is almost 5 years.

The Trimaran building was completed in 2018, with City Element following a year later, winning the prestigious Building of the Year 2019 award. In the buildings, emphasis is placed on low energy – they are extremely energy-efficient, boast 100% occupancy by strong consumption (PENB A category) and the highest possible sustainability confirmed by LEED PLATINUM certificates.

The transaction is co-financed by a syndicate of ČSOB and UniCredit banks, with the remaining funds coming from investors, of which Aurelia currently has more than 4,700. "The interest from the public – individuals and companies – is significant. The inflow of funds into the Aurelia fund amounts to an average of over CZK 100 million per month, with 30% of clients setting up regular investments," says Jakub Lukša, Axelor’s manager responsible for the fund's business development.

In addition, according to Fraser Watson, Aurelia is already actively preparing further acquisitions in the Czech Republic, Germany and Spain. This time, they are also focusing on the segment of dominant shopping centres and retail parks, which the fund's conservative investment strategy also envisages.

Thanks to the possibility to invest from CZK 500, the Aurelia fund is available to everyone. People can use it to insure themselves, among other things, for their old age and take advantage of tax relief under a long-term investment product (DIP). The target return for investors is 6%. In 2025, however, the fund surpassed it with a result of 10.55%. According to the Top Real Estate Funds ranking, it was the most profitable retail real estate fund in the Czech Republic last year, as well as in the first quarter of this year.

About the Aurelia Real Estate Fund:

The Aurelia retail real estate fund was founded in November 2024 as a project of the Axelor investment group in partnership with the independent financial advisory company Stelar Advisory. With a conservative strategy focused on premium office buildings and dominant shopping centres or retail parks in the Czech Republic and other EU countries, it aims for a long-term stable net return for investors of at least 6% per annum. Aurelia currently has 4,700 investors and manages assets in the amount of almost CZK 5 billion.

The AXELOR Group:

The Axelor Group was established in 2024 by consolidating the assets of founder Pavel Svoreň and his team. It is active in the energy, real estate, digital automotive (IT) and finance segments, operating mainly in the Czech Republic and Western Europe.

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