BHS Real Estate Fund SICAV, a.s. acquired The Orchard in Ostrava for nearly 1.5 billion CZK, underscoring the growing demand for modern office spaces in a transforming urban landscape.

Information on the Target

The Orchard is a prominent office complex located in Ostrava, which is currently undergoing significant transformation from a heavy industrial hub to a modern European urban area. The Orchard’s size and strategic positioning were key factors in its acquisition by the BHS Real Estate Fund SICAV, a.s. in 2018 for nearly 1.5 billion CZK. The complex is distinguished by its four office buildings encompassing a total of 34,000 square meters of rentable space, all set within a clean, green environment.

The Orchard offers tenants expansive and airy office environments complemented by a host of amenities including a modern daycare center, a gym, a high-quality cafeteria, and a restaurant, along with smaller retail shops. Adjacent to this office park is the Park Inn hotel, a four-star establishment. Convenient access to transportation is facilitated by the nearby trolleybus stop, which connects directly to the city center, as well as the close proximity to the D1 and D47 highways.

Industry Overview in the Target’s Specific Country

In recent years, the Czech Republic has seen a dynamic shift in its real estate market, particularly in office spaces, driven by foreign investments and growing demand for high-quali