Investika Acquires Butovice Offices, Strengthening Its Position in Prague

The INVESTIKA fund has returned to the domestic market with the acquisition of the Butovice Offices building in Prague 5, which houses the Czech headquarters of the Albert chain. The transaction is part of the fund’s broader strategy to gradually consolidate its portfolio in the Butovice area. What does the acquisition mean for the area, and how does Investika stack up against regional competitors?

Butovice Offices: A New Acquisition in an Established Location

Investika purchased the building Butovice Offices with an area of 9,100 m² in Prague 5, where the Czech headquarters of the Albert chain (Ahold Group) is located. The seller was the Safety Real (BDCG) fund; the transaction amount was not disclosed. This marks the fund’s first acquisition in the Czech Republic after several months of focusing on foreign markets.

Consolidation of the Entire Site

The purchase builds on Investika’s existing portfolio in Butovice, where the fund owns the Galerie Butovice, adjacent land, and the office building Avenir E. According to Jaroslav Kysela, a member of the board of directors of the fund’s management company, consolidating ownership in the area allows for the synergistic development of the properties’ commercial potential. This is a relatively straightforward cluster strategy, though its success will also depend on whether the fund can retain its current tenant.

A Record Year for Capital Flows

Butovice Offices becomes the 64th property in the fund and also caps off what Kysela describes as a record year in terms of capital inflows. Since December 2024, Investika has channeled nearly 5 billion CZK into seven acquisitions across ten locations. The most significant was the November purchase of the Centrum Południe 3 building in Wrocław (21,500 m², fully leased to BNY Mellon’s European headquarters, LEED Platinum certified with the second-highest environmental score in Europe). The fund also acquired office properties in Szczecin and a flight training center near Vienna.

Market Position

With assets under management exceeding 27 billion CZK , Investika ranks among the largest Czech and Slovak non-bank real estate funds focused on retail investors. The fund is already working on its next transaction, planned for the first quarter of 2026—so the pace of acquisitions shows no signs of slowing down.

Source: ThePrime.cz