CPI PROPERTY GROUP
40, rue de la Vallée
R.C.S. Luxembourg: B 102 254
Luxembourg, 26 July 2017
CPI PROPERTY GROUP - Acquisition of Kralovo Pole Shopping Centre
CPI PROPERTY GROUP announces the acquisition of Kralovo Pole Shopping Centre from ÆRIUM.
Kralovo Pole Shopping Centre located in Brno, Czechia, was built in 2004 by Carrefour and comprises a two-level gallery with 78 shops and a food court with a total of 26,500 sq m GLA and 900 parking spaces. The hypermarket was originally anchored by Carrefour until 2007, when it was taken over by Tesco. Kralovo Pole is the dominant shopping centre in the North of Brno featuring a large catchment of 250,000 inhabitants within 20 min with above average purchasing power. The shopping centre offers development potential having a valid building permit in place for a further 12,000 sq m GLA expansion.
Tomáš Salajka, Director of Acquisitions, Asset Management & Sales, CPI PROPERTY GROUP, added: 'The acquisition of Kralovo Pole Shopping Centre will boost the total number of the shopping centres in our portfolio to 21. We are well prepared to integrate the new asset into our management and to work on long term strategies enabling us to remain fully competitive in the current and future environment'.
For further information please contact:
Kirchhoff Consult AG
T +49 40 60 91 86 18
F +49 40 60 91 86 60
26.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de