Fio Real Estate Fund acquires Stará Celnice building in central Prague

The Fio investment company has announced the acquisition of the Stará Celnice building in the centre of Prague for its Fio Real Estate Fund. The property was purchased from the German pension fund BVK Europa-Immobilien-Spezialfonds, represented in the transaction by Invesco Real Estate.

Located near Republic Square, Stará Celnice is a mixed-use office and retail building offering over 11,500 square metres of leasable space. The building is fully occupied and benefits from strong transport accessibility, including connections to metro, tram, and train lines, as well as on-site parking. Retail spaces on the ground floor include shops, restaurants, and cultural venues.

This is the third acquisition by the Fio Real Estate Sub-Fund I, which was launched in December 2021. It follows the purchase of the Rohan Business Centre in Prague’s Karlín district in May 2023, and the GARBE Park Chomutov logistics facility in August 2024. The acquisition of Stará Celnice adds a centrally located asset to the fund’s growing portfolio, which aims to build a balanced mix of commercial properties with long-term income potential.

The transaction was supported by Dentons, Knight Frank, ASB Group, and Gleeds on behalf of the buyer. The seller was advised by Wilsons, CBRE, and TPA.

Stará Celnice is situated near the Masaryčka building, the future headquarters of Fio banka, further strengthening the institution’s presence in central Prague.