News Article Cushman & Wakefield Czech Republic Prague retail shopping centres takeover
by Property Forum | Retail

Cushman & Wakefield has taken over the management of the Atrium Flora shopping centre in Prague Vinohrady, owned by G City Europe (formerly Atrium European Real Estate), as of 1 January 2023.

The 20,000 sqm OC Atrium Flora shopping centre in Prague is part of a multifunctional project including a large and modern office space of 18,000 sqm. Last year, an extensive reconstruction of the interior of the entire shopping centre took place, including a generous extension of the food court. During this year, the overall renovation should be completed with the replacement of navigation signage and digital surfaces with new ones. Built in 2003, the centre is located at a major Prague intersection directly above the Flora metro station.

Martin Šimek, Partner and Head of Shopping Centre Management at Cushman & Wakefield says: "Atrium Flora is a project in the very centre of the city, which is a place for its customers to shop and meet on a daily basis. Extensive office space, on-site parking and desirable retail tenants make the project one of Prague's best shopping centres. We very much appreciate the decision of the owner G City Europe to start cooperation with our company in its further management and commercial development. I am convinced that thanks to our long experience in this area we will be able to use the potential of this complex project to the maximum."

The main tenants of the centre include Cinema City with IMAX and the brands Attractivo, Bushman, Butlers, Calzedonia, Ecco shoes, Flying Tiger, H&M, Intimissimi, Lindex, Manufaktura, Sizeer and Tatuum. The largest retail tenant is the Albert supermarket, whose store will undergo a major refurbishment in February and will reopen to customers at the end of the month. Office tenants include Marsh McLennan, Reckitt Benckiser and Scott Weber workspace, among others.