Squire Patton Boggs has advised Trinity Bank on the expansion of its real estate portfolio with the acquisition of the Pankrác House office complex in Prague from real estate investor CPI Europe.
The team advising on the transaction was led by partner Radek Janeček, and of counsel Lenka Nova and Marek Hrubes.
A Czech Bank with a 29-year history, Trinity Bank serves more than 210,000 clients and in 2024, the bank’s balance sheet exceeded CZK 117 billion.
Located in the heart of Prague 4’s prominent business district, Pankrác House comprises almost 18,000 m² of office space and is fully let, with tenants including Omnicom Media Group and healthcare provider Canadian Medical.
Mr. Janeček said: “We are pleased to have supported Trinity Bank and its highly professional and diligent team on the acquisition of Pankrác House. With its great location and stable and diverse occupancy, Pankrác House represents a great addition to the client’s commercial property portfolio.”
Acting for a diverse client base, the Prague team advises on all aspects of commercial real estate, with a particular expertise in handling complex transactions for local and multinational businesses and a strong track record in the retail and office sector.