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Real estate Czechia · Austria Share purchase — cleared, final 14 Sep 2026

Trinity Bank buys five Riverside Karlín office buildings from Austria's CA Immo

On 14 September 2026 the Czech competition authority ÚOHS announced that it had cleared two real estate acquisitions in simplified proceedings; both decisions are final and neither raises concerns about a substantial distortion of competition. In the first, new investors enter the Savarin project in central Prague: Savarin JV, which is carrying out a large redevelopment of the courtyard block adjoining the baroque palace of the same name near Wenceslas Square, is to be newly controlled by Savarin HoldCo, s.r.o. and JPTR s.r.o., whose partners J&T RFI VIII., s.r.o. and PERRARUS HOLDING a.s. are entering the venture. In the second, Trinity Bank buys five office buildings in Prague under the Riverside Karlín name from Austria's CA Immo; the authority assessed the change of owner of RCP Alfa, RCP Amazon, RCP Beta, RCP Delta, RCP Gama, RCP ISC and CA Immo Real Estate Management Czech Republic, which let mainly office and, to a lesser extent, retail, parking and storage space. ÚOHS also ruled that the RSJ Estate SICAV and RPP Holding joint venture NJE Development, tied to the Na Jelenách project in Prague-Chodov, does not require clearance because the parties do not meet the statutory turnover thresholds.

Our take Three transactions, three different answers from the same authority — and that is the useful part. One was cleared, one was cleared, and one was found not to need clearance at all because the turnover thresholds were not met. Owners routinely assume that a deal either needs a regulator or does not, as a matter of size or sector; in fact it is a calculation, and it is worth doing early, because the answer changes the timetable by months. The Riverside Karlín sale is also a reminder of who is selling in Czech offices right now: a listed Austrian landlord is handing five buildings to a domestic bank. When international owners rotate out of a market, the buyers who replace them are usually local, and they price the assets on domestic funding costs rather than on a pan-European benchmark.
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