Thursday, 22 October 2026
CA Immo has completed the sale of its remaining Czech office portfolio to Trinity Bank, bringing its presence in the country’s property market to an end. The transaction covers five office buildings in Prague’s Karlín district, providing approximately 85,000 sqm of lettable accommodation. Czech competition authorities approved the acquisition in September 2026, while earlier market reports estimated the transaction at approximately €300 million, equivalent to CZK 7.3 billion. The final purchase price has not been publicly confirmed, although CA Immo reported that the disposal was completed above the portfolio’s carrying value.
The transaction covers the Riverside Karlín office complex in Prague 8, comprising Nile House, Amazon Court, Danube House, Mississippi House and Missouri Park. The buildings form an established office campus close to Prague’s city centre. Alongside the properties, the purchaser has taken over CA Immo’s Czech team, allowing the existing local management arrangements to continue under the new ownership structure.
The disposal follows CA Immo’s earlier sales of the Visionary and Kavčí Hory office buildings, which had already reduced its exposure to the Czech market. The company decided to complete its withdrawal as refurbishment work at Danube House approached completion. The announcement does not provide details of the remaining construction expenditure, occupancy levels or lease arrangements across the five properties.
Keegan Viscius, CEO of CA Immo, said the transaction represented the final stage of the company’s withdrawal from Prague. “I am pleased that the campus will remain intact, and also that our local Czech team will continue to look after the portfolio under the stewardship of the new owner,” he said. Viscius added that the disposal would allow CA Immo to concentrate more of its property investments in Germany.
The sale forms part of a broader change in CA Immo’s investment strategy, which increasingly concentrates on office properties in Berlin and Munich. The company has been reducing its exposure to markets and buildings that no longer correspond with its preferred portfolio composition. This includes disposing of properties in locations where it does not intend to maintain a substantial long-term presence, as well as buildings requiring investment that may not meet its financial objectives.
Since 2018, CA Immo has withdrawn from several Central and Eastern European markets, including Romania, Serbia, Slovenia, Slovakia, Bulgaria, Russia and Croatia. It has also reduced its presence in secondary cities in Hungary, Austria and Poland. The completion of the Czech disposal represents another stage in this geographical restructuring, leaving the company with a more concentrated property portfolio and a greater dependence on the performance of the German office market.
CA Immo indicated that the proceeds could be allocated to several purposes, including debt reduction, investment in retained properties, share repurchases and dividend payments. The company may also consider acquisitions where suitable opportunities arise. No specific allocation of the proceeds from the Prague transaction has been announced. CBRE acted as the seller’s property adviser, while Dentons provided legal advice.
The transaction removes a substantial office portfolio from CA Immo’s holdings and transfers an established group of Prague commercial properties to a new investor. Karlín has developed into one of the capital’s principal office districts, accommodating international companies and domestic occupiers. The sale also illustrates the continuing restructuring of European commercial property portfolios, as some international investors reduce their geographical exposure while others acquire established income-producing assets. Further information about the purchaser, transaction value and future plans for the Riverside Karlín buildings has not yet been disclosed.
