Hartenberg Holding has acquired a 100% stake in The Orchard Office Park in Ostrava, enhancing its portfolio in the real estate sector.

Target Information

Hartenberg has successfully entered a new asset class by acquiring The Orchard Office Park, a prominent office complex in Ostrava, Czech Republic. The acquisition grants Hartenberg a 100% stake in Portal Investments, s.r.o., the sole owner of The Orchard. This office park encompasses 36,000 square meters of Class A modern office space distributed across three main buildings, all of which were completed in 2009. The Orchard features a sustainable, modern design complemented by a state-of-the-art Building Management System.

Industry Overview

The office real estate market in the Czech Republic, particularly in cities like Ostrava, is experiencing a resurgence as demand for quality office spaces increases. Over the past few years, the region has attracted an array of businesses seeking modern facilities that promote productivity and sustainability. Ostrava, positioned as a key industrial hub, has seen a rising number of startups and established companies relocating to modern office parks like The Orchard.

With ongoing urban regeneration and improved infrastructure, the Czech Republic's office market is offering enhanced investment opportunities. Investors are increasingly recognizing the potential of p