CPI PROPERTY GROUP
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254
 

Ad-Hoc Announcement
PRESS RELEASE
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
Andrew Stammler
Herrengraben 1
20459 Hamburg
T +49 40 60 91 86 18
F +49 40 60 91 86 60
E andrew.stammler@kirchhoff.de