Trinity Bank Acquires Pankrac House Office Complex
Deal News | Apr 09, 2025 | CEE Legal Matters
Czech Republic's Trinity Bank has acquired the Pankrac House office complex in Prague's business district from real estate investor CPI Europe, with advisory support from Squire Patton Boggs. Pankrac House boasts nearly 18,000 square meters of fully let office space, hosting prominent tenants like Omnicom Media Group and Canadian Medical. This strategic acquisition bolsters Trinity Bank's presence in the region, highlighting its longstanding commitment to growth and service to over 210,000 clients. The transaction was supported by Squire Patton Boggs' legal team led by Partner Radek Janecek, along with Of Counsel Lenka Nova and Senior Associate Marek Hrubes.
Sectors
- Banking
- Commercial Real Estate
- Legal Services
Geography
- Czech Republic – The transaction and the acquisition involve the Czech Republic, with the property located in Prague.
Industry
- Banking – Trinity Bank, a key participant in the acquisition, operates in the banking industry.
- Commercial Real Estate – The transaction involves the acquisition of a significant office complex, which falls under the commercial real estate sector.
- Legal Services – Squire Patton Boggs, a legal firm, provided advisory services for the transaction, representing the legal services industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Trinity Bank | Buyer | Company | Trinity Bank is a Czech Republic-based financial institution with a three-decade history, serving over 210,000 clients. |
| CPI Europe | Seller | Company | CPI Europe is a real estate investor that formerly owned the Pankrac House office complex. |
| Squire Patton Boggs | Legal Advisor | Company | A global law firm providing legal services for the acquisition, specifically advising Trinity Bank. |
| Radek Janecek | Partner | Person | Partner at Squire Patton Boggs leading the advisory team for the transaction. |
| Lenka Nova | Of Counsel | Person | Of Counsel at Squire Patton Boggs involved in the transaction. |
| Marek Hrubes | Senior Associate | Person | Senior Associate at Squire Patton Boggs assisting in the legal advisory. |