TRIGEA, Real Estate Fund

What TRIGEA, Real Estate Fund does

TRIGEA is a private open-ended Czech real estate fund, structured as Trigea nemovitostní fond, SICAV, a.s., that invests in income-generating commercial properties — primarily office buildings, shopping centers, and logistics facilities — across the Czech Republic and Poland. Founded in 2019 by Tomáš Trčka, a 15-year veteran of Czech real estate who previously led REICO (the largest Czech real estate fund), the fund is part of the Partners Financial Group ecosystem and is headquartered in Prague 4 – Chodov. Since inception, TRIGEA has executed seven major acquisitions — including Louvre (2019), OC Plzeň/Rokycanská (2020), Explora Business Centre (2021), MidPoint 71 in Wrocław (2022), City Logistics Wrocław II (2023), Arkády Pankrát (2024), and Posnania in Poznań (2026) — building a property portfolio valued at over CZK 30 billion.

The fund operates a single-strategy, multi-share-class platform offering four share classes (A/B retail in CZK/EUR, I/J institutional in CZK/EUR) with a 1.75% annual management fee, tiered 2–3% entry fees, and a 0% exit fee. Distribution runs through Partners Financial Services, Amundi, and Conseq, supplemented by a DIP (Long-term Investment Product) wrapper introduced in January 2024 that enables tax-advantaged retirement savings (deductions up to 48,000 CZK annually). Approximately 65% of each acquisition is financed via bank leverage, with the remainder funded by investor capital.

TRIGEA serves primarily Czech retail investors (50,000+ clients, minimum monthly investment of 500 CZK) seeking conservative, tangible, inflation-hedged exposure with a target yield of 5–7% annually; the long-term average yield achieved since 2019 is 6.4%, with 7.09% delivered in 2024 and 6.88% in 2025/2026. The investor base is structurally diversified across tens of thousands of retail holders, while the underlying property tenants span banking, logistics, automotive, retail, healthcare insurance, and IT services (CitiBank, DHL, Porsche, Stadler, VZP, Tesco, H&M, PwC, Electrolux, NNIT). The fund benefits from a favorable 5% corporate tax rate on fund earnings versus the standard 19%, and offers tax-free capital gains for individual investors after a 3-year holding period.

Name

TRIGEA, Real Estate Fund

Legal name

Trigea nemovitostní fond, SICAV, a.s.

Website

https://trigea.cz

Company type

Private

Operating status

Operating

Short description

TRIGEA is a private Czech open-ended real estate fund that invests in commercial office, retail, and logistics properties in the Czech Republic and Poland, serving 50,000+ retail investors with a target annual yield of 5–7% and approximately 19 billion CZK in investor capital.

Ownership category

akta.pro rank

Product category

Real Estate Investment Fund

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Funds — Core-Plus (FSANAEAG)

Keywords

• Commercial real estate investment
• Real estate fund management
• Office and retail property
• Retirement savings vehicle
• Property asset management

Headquarters

HQ city

Prague 4 - Chodov

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Rental Income: The fund generates primary revenue from monthly rental payments from commercial property tenants including office buildings, retail centers, and logistics facilities. The fund uses approximately 65% bank financing for acquisitions with the remainder funded by investors.
2. Property Value Appreciation: Monthly revaluation of real estate assets contributes to fund returns as property values historically increase over time. The fund benefits from inflation-linked lease clauses in office building contracts.
3. Capital Gains on Share Sales: Investors realize returns through the difference between purchase and sale price of fund shares. For individual investors, profits from share sales after 3 years are tax-exempt, making this more advantageous than dividend taxation at 15%.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

TRIGEA operates an open-ended Czech real estate investment fund (SICAV) that acquires and manages income-generating commercial properties — office buildings, retail centers, and logistics facilities — primarily in the Czech Republic and Poland. Investors can purchase fund shares starting from 500 CZK monthly or via lump-sum investments, with returns generated through rental income and property value appreciation. The fund provides access to institutional-grade commercial real estate to individual and institutional investors, with a target annual yield of 5–7%.

Product overview

Trigea operates as a unified real estate investment fund platform offering multiple share classes (A/CZK, B/EUR, I/CZK, J/EUR) with a common investment strategy focused on commercial properties. The fund's core offering is the Trigea Real Estate Fund investing in office buildings, retail parks, shopping centers, and logistics facilities in the Czech Republic and Poland. The platform is complemented by a Long-term Investment Product (DIP) launched in January 2024, offering tax advantages for retirement savings, and a regular redemption feature (Renta). All share classes share the same underlying property portfolio and management strategy, differentiated only by currency denomination and investor type (retail vs. institutional).

Differentiator

Problem solved

Functional benefit

Products and services

• Trigea Real Estate Fund An open-ended Czech real estate investment fund (SICAV) that purchases commercial properties — office buildings, retail parks, shopping centers, and logistics facilities — in the Czech Republic and Poland, offering investors returns of 5–7% annually through rental income and property value appreciation. Available in CZK and EUR share classes (A, B, I, J) for retail and institutional investors.
• DIP (Long-term Investment Product) A state-supported long-term investment product (DIP) launched in January 2024 that allows Czech investors to access tax-advantaged retirement savings through TRIGEA. Offers tax deductions up to 48,000 CZK annually, employer contributions up to 50,000 CZK/year tax-free, and is available from age 60 with a 10-year minimum holding period. Approximately 2,000 Trigea clients use this structure.

Quantifiable outcome

• 55.4% total appreciation from fund establishment (2019) to May 2026
• +4 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered minor and core.

• ApsysminorStrategic or Co-development Partner · 16 June 2026Polish/French real estate developer and operator that sold Posnania shopping center in Poznan, Poland to Trigea. Apsys has developed major retail destinations across Poland and France including Manufaktura in Lodz and Beaugrenelle in Paris. Transaction handled by JLL, Dentons, PwC, and Deloitte on Apsys side.
• CBREminorImplementation/ SI/ Consulting Partner · 16 June 2026Commercial real estate advisor representing Trigea in the Posnania acquisition transaction.
• Greenberg TraurigminorImplementation/ SI/ Consulting Partner · 16 June 2026International law firm providing legal advisory services to Trigea for the Posnania acquisition.
• Koda AdvisoryminorImplementation/ SI/ Consulting Partner · 16 June 2026Financial and tax advisory firm providing consulting services to Trigea for the Posnania acquisition.
• PanattoniminorStrategic or Co-development Partner · 3 February 2023International industrial real estate developer that developed City Logistics Wrocław II, a 38,388 m2 urban logistics park. Trigea acquired this property as part of its expansion into Polish logistics. Panattoni is Europe's leading developer of industrial and logistics properties.
• Echo InvestmentminorStrategic or Co-development Partner · 28 June 2022Polish real estate developer that developed MidPoint 71 office building in Wroclaw, Poland. Trigea acquired this property from Echo Investment for over 100 million EUR. Echo Investment focuses on sustainable construction with energy, water savings, and environmental policies.
• Golden Star GroupminorStrategic or Co-development Partner · 3 June 2021International real estate group that sold Explora Business Centre in Prague-Nové Butovice to Trigea. Cushman & Wakefield brokered the transaction.
• Partners Financial ServicescoreChannel Partner/ Reseller/ DistributorPrimary distribution partner within the Partners financial group. Financial advisors provide personalized consultation and recommend Trigea based on client investment profiles. The fund is part of the broader Partners ecosystem including banking, insurance, and financial planning services.
• AmundicoreChannel Partner/ Reseller/ DistributorInternational asset management company (headquartered in France) that distributes Trigea fund shares to its Czech client base through its distribution network.
• ConseqcoreChannel Partner/ Reseller/ DistributorCzech investment company and asset manager that distributes Trigea fund shares to its investment client base.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• AVIVA Investors Czech/Polish RE funds: Operates CEE-focused real estate fund products through Aviva's Czech and Polish life insurance wrappers. Comparable to Trigea in retail-oriented CEE commercial real estate exposure, with distribution through insurance networks.
• ZDR Investments: Czech/Slovak real estate fund manager offering retail-accessible commercial property funds in CEE. Comparable to Trigea in offering open-ended or similar fund structures focused on Czech/Slovak commercial real estate for retail investors.
• REICO (ČS nemovitostní fond): The largest Czech open-ended real estate fund managed by Česká spořitelna. Directly comparable to Trigea in product (Czech open-ended RE SICAV), target investor base (Czech retail), and property focus (CZ commercial real estate). Trigea's founder previously led REICO.
• Erste Real Estate Funds: Erste Asset Management operates a series of real estate funds in CEE (Austria, Czech Republic, Romania, Hungary). Directly comparable as open-ended real estate fund products serving retail investors in CEE markets including Czech Republic.
• Investika: Czech mixed-asset and real estate fund manager where Trigea's founder was a board member. Directly comparable in serving Czech retail investors with conservative investment funds, including real estate exposure.
• Conseq Investment Management: Czech investment company distributing Trigea and operating its own competing real estate and mixed-asset funds for Czech retail and institutional investors. Overlaps in product (open-ended funds), investor base, and distribution channel.

Others

• Echo Investment: Polish commercial real estate developer that sold MidPoint 71 to Trigea in 2022. Operates in the same Czech/Polish commercial real estate space as both a developer partner and an indirect competitor for prime assets in Poland.

Broad incumbents

• Globe Trade Centre (GTC): Listed CEE-focused commercial real estate company owning office and retail assets across Poland, Hungary, Romania, and Serbia. Comparable in commercial real estate focus and CEE geographic footprint, but operates as a listed developer/investor rather than an open-ended fund.
• Heimstaden: Major European residential and commercial real estate investor with significant Czech/Polish exposure. Comparable as a large-scale CEE commercial property investor, though primarily residential-focused and not a retail-fund structure.
• CPI Property Group: One of the largest CEE real estate owners, with extensive office, retail, residential and hotel portfolios across the region. Comparable in owning large-scale Czech and Polish commercial properties, though operates as a publicly listed conglomerate rather than a retail-accessible fund.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TRIGEA, Real Estate Fund