The venture has agreed its first project. : TPG’s real estate arm has formed a partnership with a Czech Republic industrial parks developer to pursue investment opportunities in Central Europe. The TPG Real Estate Partners (TREP) and Contera venture will primarily target assets in the Czech Republic and Slovakia. The venture has agreed its first project, a 140,000 sqm industrial zone in Ostrava-Hrušov in the Czech Republic. As part of the newly formed venture, TREP has agreed a €90m deal to buy certain assets from Contera, including the company’s industrial parks in Teplice and Ostrava.