• The top-class River Garden II and III office complex is being transferred from from a global real estate investment manager , to the portfolio of the Czech real estate fund Aurelia.

• More than 27,300 square meters of office space has been almost 100% occupied by creditworthy tenants since its completion in 2014.

• The Aurelia fund is open to a wide range of investors, including those making small investments. It aims to achieve a long-term net appreciation of at least 6% per year.

• Looking ahead, Aurelia plans to purchase premium office buildings and dominant retail centers, both in the Czech Republic and abroad. It plans to complete another acquisition later this year.

The very first acquisition of the Aurelia real estate fund showed that the newcomer to the Czech market will aim high. The fund, which targets a net return for investors of at least 6% per annum, has acquired a set of two premium office buildings, River Garden II and III, in Prague's Karlín district for more than CZK 2 billion. The seller is a global real estate investment manager.

The complex ranks among the best in the country not only because of its prestigious location on Rohanské nábřeží in the heart of the most important office district in the Czech Republic, but also because of the quality of both buildings, which hold BREEAM and WiredScore Platinum certificates for sustainability and technological advancement.

The offices, with a total lettable area of over 27,300 square meters and an extensive terrace complex, have been almost fully occupied continuously since their completion in 2014. The largest tenants include Phillips, STRV, ePojisteni.cz, NCR, and Gym Beam, with the average lease term now exceeding 4 years. "River Garden II and III fit perfectly into Aurelia's conservative strategy of providing investors with stable returns through a portfolio of premium properties in exceptional locations that are occupied by creditworthy tenants on a long-term basis," says Fraser Watson, Head of Real Estate at Axelor, the group to which the fund belongs.

The Aurelia fund is open to a wide range of investors, from large to small. "In addition to an attractive target return and a minimum initial investment of just CZK 500, which is affordable for everyone, the fund also offers the advantage of providing tax relief for retirement as part of a DIP – a long-term investment product," explains Filip Horký, who is responsible for investor relations at the Axelor Group.

Since November 2024, when the fund was established, it has already raised nearly CZK 1 billion from investors. In addition to the capital raised from Aurelia’s investors, the financing of its first acquisition was also supported by a syndicate of UniCredit Bank and Česká spořitelna.

Aurelia fund plans to further expand its portfolio by the end of this year, again in the Czech Republic. In the near future, it also plans to purchase assets in other EU countries, particularly in the west of the continent. In addition to premium office buildings, it will also focus on dominant shopping centers and retail parks. "We expect that after its first year of existence, the Aurelia fund will manage assets worth approximately CZK 3 billion and exceed its long-term target with an 8% return. In each subsequent year, we plan to make acquisitions worth CZK 3 to 3.5 billion," says Pavel Svoreň, Chairman of the Board of Directors of the Axelor Group.