Successful Disposal – BBC Vila (Czech Republic)

Revetas Capital announces first sale in Revetas Capital Fund II

Prague, 31 January 2018 – Revetas Capital Advisors LLP (“Revetas”) announces the successful sale of BBC Vila, a complex comprising two office buildings in Prague, Czech Republic by Revetas Capital Fund II (“Revetas Fund II”). The asset, with a total GLA of c. 8,100 sqm facing the Baaruv park, was acquired by PASSERINVEST Group, an all-Czech development and investment company.

Commenting on today’s announcement, Eric Assimakopoulos, Managing Partner at Revetas, said, “We are very pleased with the sale of BBC Vila, which is an early liquidity event for investors in Revetas Fund II, a vintage 2015 fund. Furthermore, it is a validation of Revetas’ hands-on value creation approach, which allowed us to achieve our business plan with the asset in just over a year’s holding period.”

Revetas Fund II initially acquired BBC Vila in late 2016 as part of Project Papa, a portfolio acquisition comprising four office buildings in Prague, Czech Republic.

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About Revetas Capital Advisors LLP (“Revetas”)
Revetas is a specialized real estate investment manager with current focus on Central and Eastern Europe with offices in London and Vienna, and a presence in rnost CEE countries. The firrn manages and invests capital on behalf of a global range of private and institutional investors. The members of the Revetas tearn have a proven track record of applying a hands-on asset management approach to maximize the value of its properties. Revetas has utilised its unique business model, working together with leading international banks to restructure and reposition some of the highest quality office, retail and hospitality assets in Central and Eastern Europe.

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